The Economics of Natural Resources and the Environment
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.
|Prerequisites and Restrictions|| You must satisfy the following requirement(s):
|Available semesters||Semester 1 2023|
What you will learn
After successfully completing this course, you’ll be able to:
- Use concepts from Environmental and Ecological Economics to explain how economic activity depends on and influences the natural environment.
- Use a range of decision-making tools to show how economic objectives can be balanced with other broad social objectives in managing natural resources.
- Demonstrate how changes in resource availability and environmental conditions can be incorporated into traditional measures of economic wellbeing and growth.
- Calculate the economic value of environmental goods and services using economic models and tools.
- Assess the relative strengths and weaknesses of a range of valuation models.
- Critically review and evaluate the merits of a range of natural resource and environmental management policies.
Dr Kathryn Bicknell
Department of Global Value Chains and Trade[email protected]