ECON 326

The Economics of Natural Resources and the Environment

Course overview

An analysis of the economic concepts of resource scarcity, market failure, sustainability, property rights and property resources, together with relevant economic and government policy outcomes.

Course information

Prerequisites and Restrictions You must satisfy the following requirement(s):


  • Economies and Markets, ECON-113


  • a minimum of 60 credit point(s) from the course(s) specified below
  • a minimum of 60 credit point(s) from the course(s) specified below
  • any level 200 course
  • any level 300 course

Available semesters Semester 1 2024
Credits 15
Domestic fees $794.00

What you will learn

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

  1. Use concepts from Environmental and Ecological Economics to explain how economic activity depends on and influences the natural environment.
  2. Use a range of decision-making tools to show how economic objectives can be balanced with other broad social objectives in managing natural resources.
  3. Demonstrate how changes in resource availability and environmental conditions can be incorporated into traditional measures of economic wellbeing and growth.
  4. Calculate the economic value of environmental goods and services using economic models and tools.
  5. Assess the relative strengths and weaknesses of a range of valuation models.
  6. Critically review and evaluate the merits of a range of natural resource and environmental management policies.

Course examiners

Kathryn Bicknell

Dr Kathryn Bicknell

Senior Lecturer

Department of Global Value Chains and Trade