ERST 632

Economics in Environmental Policy

Course overview

An examination of the economic models as applied to environmental decisions, including cost-benefit analysis and the co-dependent relationships between economics, ecology and human behaviour.

NOTE: In 2023, this course is available online only. Both the face-to-face and online versions will be offered in 2024.

Course information

Credits 20
Domestic fees $1,356.00

What you will learn

After successfully completing this course, you’ll be able to: 

  1. Deliver an introduction to resource economics including its history, law, politics and policy.
  2. Explain the principles of resource economics.
  3. Conduct a resource economics-based cost benefit analysis and explain the theory behind this.
  4. Discuss economic model building including bio-economic models that incorporate human responses, optimal extraction patterns, policy instrument analysis and sensitivity analysis.

Course examiners


Tim Driver


Faculty of Environment, Society and Design
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Zack Dorner

Senior Lecturer

Faculty of Environment, Society and Design