This subject covers the economic analysis of agricultural and natural resource use, and social benefit cost analysis of using and conserving natural resources.
Intended learning outcomes
On completion of this subject students will understand:
The operation of markets and market failure
The economic methods and thinking underlying agricultural and natural resources use including sustainability, world food supply and policies on climate change
The principles and practice of social benefit cost analysis
Generic skills
On completion of this subject, students should have developed their:
Capacity to apply economic logic to discern benefits and costs of solutions to real world problems about using agricultural and natural resources
Ability to integrate knowledge from different disciplines
Communication skills, through written and oral presentations