ECC3640 Economics of climate change
Faculty of Business and Economics
ECC3640 Economics of climate change is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 2 at Clayton. It needs ECB1101, ECF1100, ECS1101, ECC1000, ECW1101 or ECC2460.
- Credit points
- 6
- Offered in 2023
- Semester 2
- Clayton
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2023 handbook entry. See the 2027 entry.
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Requisites
Before ECC3640
Prerequisites
Pass these before you enrol.
After ECC3640
No unit lists ECC3640 as a prerequisite in the 2023 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
Climate change is the most significant environmental challenge the world is facing today. It has major implications for the global and domestic economies, including Australia's. This unit conveys the multifaceted nature of the economic problem that climate change represents. Uncertainty and catastrophic risk as well as inter- and intra-generational equity concerns are crucial to the evaluation of climate change impacts and to achieving international action. Options to achieve optimal stabilisation targets and pathways using economic principles and policy are contrasted. The implications of climate change mitigation for key industry sectors are also assessed.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the possible impacts of climate change on economies
- 2
analyse the economic costs of climate change, and how industries can adapt to climate change at minimum cost
- 3
understand how economic instruments such as carbon taxes and emissions trading schemes can mitigate climate change
- 4
analyse how key industries such as electricity and transport can respond to climate change policies and lessen emissions.
Workload and teaching
- Workshops24 hours
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Where it fits
ECC3640 is part of 4 areas of study in the 2023 handbook.
Contacts
- Chief Examiners
- Associate Professor Anke Leroux
Common questions
What are the prerequisites for ECC3640?
You need ECB1101, ECF1100, ECS1101, ECC1000, ECW1101 or ECC2460 before you enrol. Enrolment rules also apply.
When is ECC3640 offered?
In 2023, ECC3640 runs in Semester 2 at Clayton.
How much work is ECC3640?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC3640 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ECC3640?
ECC3640 is part of Economic analysis, Economics and Sustainability.