ECX2360 Environmental economics
Faculty of Business and Economics
ECX2360 Environmental economics is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 2 at Clayton. It needs ECC1000, ECF1100, ECB1101, ECW1101 or ECS1101.
- 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 ECX2360
After ECX2360
No unit lists ECX2360 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.
Overview
The role of government in regulating the interaction between the economy and the environment; application of microeconomic theory to environmental problems, including air pollution, climate change and the over-exploitation of open access resources; using the tools such as environmental valuation and cost-benefit analysis to discuss policy options ranging from command and control to market based approaches to address these problems.
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
explain how the economy and the environment interact
- 2
demonstrate the link between environmental problems and the economic concepts of property rights, externalities and non-excludability
- 3
critically analyse how market failures contribute to environmental problems
- 4
provide recommendations on how to correct for market failures.
Workload and teaching
- Seminars24 hours
- Tutorials12 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.
Learning resources
Required resources
You are strongly encouraged to purchase your own copy of the textbook Wills (2006, 2nd edition), which is the prescribed text for this course.
Where it fits
ECX2360 is part of 3 areas of study in the 2023 handbook.
Contacts
- Chief Examiners
- Dr Edwyna Harris
Common questions
What are the prerequisites for ECX2360?
You need ECC1000, ECF1100, ECB1101, ECW1101 or ECS1101 before you enrol. Enrolment rules also apply.
When is ECX2360 offered?
In 2023, ECX2360 runs in Semester 2 at Clayton.
How much work is ECX2360?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECX2360 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ECX2360?
ECX2360 is part of Economics; Economics and business strategy; and Sustainability.