ECM2361 Environmental issues in economics
Faculty of Business and Economics
ECM2361 Environmental issues in economics is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2026 in Winter at Malaysia. It has no prerequisites.
- Credit points
- 6
- Offered in 2026
- Winter
- Malaysia
- Assessment
- Exam 30%
- and 2 other tasks
- Workload
- 144 hours
- per semester
This is the 2026 handbook entry. See the 2027 entry.
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Requisites
Before ECM2361
Prohibitions
You can't enrol if you have passed any of these.
After ECM2361
No unit lists ECM2361 as a prerequisite in the 2026 handbook.
Overview
This unit applies microeconomic theory to environmental problems, including air pollution and the over-exploitation of open access resources. It also discusses environmental valuation tools and policy options such as command and control and market-based approaches to address these problems. It also includes a discussion of the inverse relationship between the environment and economic activities through a number of selected topics such as international trade and the environment, and natural disasters.
Offerings in 2026
| Teaching period | Campus | Mode |
|---|---|---|
| Winter semester | Malaysia | On campus |
Assessment
- Exercise30%
- Project40%
- Examination30%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
apply microeconomic theory, including the demand-supply model and externalities, to analyse the causes of environmental issues and market failures
- 2
evaluate policy instruments, such as command-and-control and market-based approaches, using economic principles and environmental valuation tools
- 3
conduct research and apply an evidence-based approach to analyse and assess environmental policies in business, policy, and entrepreneurial contexts
- 4
investigate and critically assess the role of key sectors—such as electricity, land use, and transportation—in shaping global environmental and economic outcomes, including carbon emissions, climate change, and natural disasters.
Workload and teaching
- Tutorials24 hours
- Teaching approachProblem-based learning
- Teaching approachActive learning
- Teaching approachCase-based teaching
- Teaching approachField trips
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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit includes case-based teaching, where you apply your knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but you need to work together to examine, analyse and make decisions to resolve the situation.
This unit provides you with opportunities to participate in experiential learning by visiting cultural, geographical and/or industrial sites relevant to your studies.
Where it fits
ECM2361 is part of 2 areas of study in the 2026 handbook.
Contacts
- Chief Examiners
- Dr Rajesh Ramachandran
Common questions
What are the prerequisites for ECM2361?
ECM2361 has no prerequisites.
When is ECM2361 offered?
In 2026, ECM2361 runs in Winter at Malaysia.
How much work is ECM2361?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECM2361 have an exam?
Yes. The exam is worth 30% of the final mark, alongside 2 other tasks.
Which majors and minors include ECM2361?
ECM2361 is part of Economics and strategy for business; and Sustainability and responsible management.