Environmental and Resource Economics (11329.1)

Please note these are the 2025 details for this unit
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Environmental and Resource Economics
Available teaching periods Delivery mode Location
View teaching periods On-campus
 Bruce, Canberra
EFTSL Credit points Faculty
0.125 3 Faculty Of Business, Government & Law
Discipline Study level HECS Bands
Canberra School Of Politics, Economics And Society Level 2 - Undergraduate Intermediate Unit Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
Studies environmental problems such as pollution, depletion of natural resources, and climate change from an economics perspective, with a particular focus on the pros and cons of currently-debated policy responses such as emission trading schemes, carbon pricing, pollution or trade bans, subsidies, and deposit-refund schemes.

Learning outcomes

After successful completion of this unit, students will be able to: 1. Apply specialised economic concepts to identify, understand, and analyse environmental issues;
2. Demonstrate advanced knowledge of complex research questions such as how to place a value on environmental goods and services in the absence of markets and prices;
3. Identify environmental problems, how to formulate policy responses, and evaluate policy performance;
4. Demonstrate an effective understanding of the economic method and its application to the mitigation of environmental problems; and
5. Reflect upon their unit experience, including theories, discussions and feedback, and how it relates to the goals set out in their professional portfolio.


Graduate attributes

1. UC graduates are professional - communicate effectively
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas


Prerequisites

11175 Introduction to Economics

Corequisites

None.

Assumed knowledge

This unit assumes no prior knowledge other than market operations and externality analysis, which are covered in Introduction to Economics.
Availability for enrolment in 2025 is subject to change and may not be confirmed until closer to the teaching start date.
Year Location Teaching period Teaching start date Delivery mode Unit convener
2024 Bruce, Canberra Semester 1 05 February 2024 On-campus Dr Raymond Li
2025 Bruce, Canberra Semester 1 03 February 2025 On-campus Dr Raymond Li
The information provided should be used as a guide only. Timetables may not be finalised until week 2 of the teaching period and are subject to change. Search for the unit timetable.

Required texts

There are no prescribed textbooks for this unit that students must purchase. Below is a list of references that are used, all of which are available from the UC library or the provided URL links.

Reference textbooks:

(FF) Environmental Economics (8th ed)  by Barry C. Field and Martha K. Field, McGraw Hill

(CT) Environmental Economics & Management: Theory, Policy, and Applications (6th ed) by Scott J. Callan and Janet M. Thomas, South-Western Cengage Learning

(TL) Environmental and Natural Resource Economics (11th ed) by Tom Tietenberg and Lynne Lewis, Routledge

Articles:

National Action Plan for Energy Efficiency (2008). Understanding Cost-Effectiveness of Energy Efficiency Programs: Best Practices, Technical Methods, and Emerging Issues for Policy-Makers. Energy and Environmental Economics, Inc. and Regulatory Assistance Project. <https://19january2017snapshot.epa.gov/sites/production/files/2015-08/documents/understanding_cost-effectiveness_of_energy_efficiency_programs_best_practices_technical_methods_and_emerging_issues_for_policy-makers.pdf>

IEA (2012). Spreading the net: the multiple benefits of energy efficiency improvements. <https://www.ourenergypolicy.org/wp-content/uploads/2014/04/Spreading_the_Net.pdf>

Timmons, D., J.M. Harris and B. Roach (2014). The Economics of Renewable Energy. <https://www.ourenergypolicy.org/wp-content/uploads/2016/02/renewableenergyecon.pdf>

Submission of assessment items

Extensions & Late submissions

The final assignment needs to be submitted via the Canvas site.

Students must apply academic integrity in their learning and research activities at UC. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.

Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.

UC students have to complete the Academic Integrity Module annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).

UC uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.

Information is provided in the Academic Integrity Policy, Academic Integrity Procedure, and University of Canberra (Student Conduct) Rules 2023. For further advice, visit Study Skills.

Participation requirements

While there is no marks awarded to in-class participation, students are strongly encouraged to attend all lectures and workshops, and to actively participate in class discussion to maximize their learning. Past experience shows a positive correlation between students' class participation and their final grade. 

Required IT skills

Basic MS Word and Excel skills.

Work placement, internships or practicums

Not applicable

Next step

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