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  3. Resource Management Economics

Resource Management Economics (AGRI30043)

Undergraduate level 3Points: 12.5On Campus (Parkville)

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Overview

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February
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This subject is about principles of economics applied to analysing, understanding and solving problems and informing policy in natural resource and environmental management. Emphasis is on applying the techniques of benefit cost analysis to inform choices about public investment and policies affecting the management of natural resource and the environment.

Intended learning outcomes

On completion of this subject students should understand

  • Understand principles underlying agricultural and natural resource economic policies
  • Understand the role of government and the concept of market failure in natural resource and environmental management
  • Be able to apply economic principles to analyse and understanding issues and policy options in natural resource management and the environment
  • Be able to apply the technique of benefit cost analysis to analysing choices in natural resource and environmental management

Generic skills

  • Capacity to apply economic logic to real world problems about using natural resources
  • Ability to integrate knowledge from different disciplines
  • Communication skills through written and oral presentations
  • Quantitative analysis skills
  • Sense of intellectual curiosity

Last updated: 8 November 2024