ECM2360 Environmental and natural resource economics
Faculty of Business and Economics
ECM2360 Environmental and natural resource economics is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 1 at Malaysia. It needs ECF1100, ECW1101, ECB1101 or ECC1000.
- Credit points
- 6
- Offered in 2021
- Semester 1
- Malaysia
- Assessment
- Exam 30%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2022 entry.
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Requisites
Before ECM2360
Prerequisites
Pass these before you enrol.
After ECM2360
No unit lists ECM2360 as a prerequisite in the 2021 handbook.
Overview
This unit applies basic intermediate microeconomic principles to local, regional, and global environmental and natural resource management, such as river water pollution, air pollution and climate change. It provides an in-depth understanding of the theory and concepts underlying how economic and business activities affect environmental and natural resource management issues. It also includes discussion of the inverse relationship between these phenomena - how environmental and resource management concerns affect economic development - as well as how they complement each other without compromising their sustainable association.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Malaysia | On campus |
Assessment
- Within semester assessment70%
- Examination30%
Learning outcomes
When you finish this unit, you should be able to:
- 1
identify differences between conventional goods allocated efficiently and environmental commodities allocated inefficiently
- 2
explain why traditional economics fails to deal with market failures
- 3
understand cost-benefit measurements of changes in environmental quality
- 4
understand policy instruments available to achieve the optimal level of pollution and the strengths and weaknesses of policy alternatives.
Workload and teaching
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.
Where it fits
ECM2360 is part of 1 area of study in the 2021 handbook.
Contacts
- Chief Examiners
- Dr Ashutosh Sarker
Common questions
What are the prerequisites for ECM2360?
You need ECF1100, ECW1101, ECB1101 or ECC1000 before you enrol.
When is ECM2360 offered?
In 2021, ECM2360 runs in Semester 1 at Malaysia.
How much work is ECM2360?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECM2360 have an exam?
Yes. The exam is worth 30% of the final mark, alongside 1 other task.
Which majors and minors include ECM2360?
ECM2360 is part of Applied economics.