ECON30011 Environmental Economics

Credit Points: 12.5
Level: 3 (Undergraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2017:

Semester 2, Parkville - Taught on campus.Show/hide details
Pre-teaching Period Start not applicable
Teaching Period 24-Jul-2017 to 22-Oct-2017
Assessment Period End 17-Nov-2017
Last date to Self-Enrol 04-Aug-2017
Census Date 31-Aug-2017
Last date to Withdraw without fail 22-Sep-2017

Timetable can be viewed here.
For information about these dates, click here.
Time Commitment: Contact Hours: Two 1-hour lectures and a 1-hour tutorial per week
Total Time Commitment:

170 Hours


The following:

Study Period Commencement:
Credit Points:
Summer Term, Semester 1


Recommended Background Knowledge:

Please refer to Prerequisites and Corequisites.

Non Allowed Subjects:
Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability


Dr Leslie Martin



Subject Overview:

Environmental issues will be addressed with the aid of economic theory. Topics include sustainability of economies; pollution as an externality; approaches to dealing with pollution in different countries; methods of valuing the environment and environmental damage; effect on future generations; environmental amenity as a public good; and the environment and economic development.

Learning Outcomes:
  • Explain the externality and public good reasons for market failure and their relationship to environmental problems
  • Explain the difference between command and control methods and methods that use economic incentives;
  • Critically evaluate the different regulatory approaches for dealing with environmental problems
  • Describe the importance of putting monetary values on environmental resources
  • Evaluate the methods of valuing the environment and the importance of environmental accounting
  • Explain the inter-linkage between population growth, poverty and environmental degradation;
  • Apply the theories discussed in class to empirical evidence;
  • Critically analyse the alternative policy proposals for reducing environmental degradation.
  • A 2-hour end-of-semester examination (60%)
  • An essay of approximately 3000 words (30%)
  • In-class assessment (in the form of seminar presentation and class participation) (10%)
  • To pass this subject students must pass the end of semester examination.
Prescribed Texts:

Environmental Economics by Charles Kolstad

Breadth Options:

This subject potentially can be taken as a breadth subject component for the following courses:

You should visit learn more about breadth subjects and read the breadth requirements for your degree, and should discuss your choice with your student adviser, before deciding on your subjects.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:
  • High level of development: oral communication; written communication; application of theory to practice; critical thinking; synthesis of data and other information; evaluation of data and other information.

  • Moderate level of development: collaborative learning; problem solving; team work; statistical reasoning; interpretation and analysis; accessing data and other information from a range of sources; receptiveness to alternative ideas.

  • Some level of development: use of computer software.


Related Course(s): Master of Applied Econometrics
Related Majors/Minors/Specialisations: Economics
Environmental Geographies, Politics and Cultures major
Environmental Geography
Environments Discipline subjects
Master of Economics electives

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