ECX5001 Economics of environment and sustainability
Faculty of Business and Economics
ECX5001 Economics of environment and sustainability is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 2 at Caulfield. It needs ECF5927, ECC5900, ECF1100, ECC1000, ECB1101, ECW1101, ECX2953 or ECX5953.
- Credit points
- 6
- Offered in 2027
- Semester 2
- Caulfield
- Assessment
- No exam
- 3 tasks
- Workload
- 144 hours
- per semester
Reviews
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Requisites
Before ECX5001
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
- ECF5927Managerial economicsNo reviews yet
- ECC5900MicroeconomicsNo reviews yet
- ECF1100MicroeconomicsNo reviews yet
- ECC1000Principles of microeconomicsNo reviews yet
- ECB1101Introductory microeconomicsNo reviews yet
- ECW1101Introductory microeconomicsNo reviews yet
- ECX2953EconomicsNo reviews yet
- ECX5953EconomicsNo reviews yet
After ECX5001
No unit lists ECX5001 as a prerequisite in the 2027 handbook.
Overview
The unit will begin with a general approach to environmental economics, with a focus on the importance of externalities, property rights, and public goods. The unit will then be broken into sections focusing on major environmental problems such as climate change, air/water pollution, over-exploitation of open access resources and sustainable development. Within each section, there will be a discussion of optimal environmental policies from a theoretical perspective, actual environmental policies that exist around the world, and the current empirical evidence related to each topic.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Caulfield | On campus, block |
Assessment
- Exercise35%
- Quiz / Test40%
- Presentation25%
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
understand the basic economic approach to critically thinking about environmental problems and policy
- 2
understand the major policies that exist to solve specific environmental problems
- 3
identify weaknesses in current environmental policy and offer suggestions for how they can be improved
- 4
demonstrate the ability to consume and synthesize the current empirical evidence on specific environmental problems/policies
- 5
understand the major environmental challenges facing the developing world.
Workload and teaching
- Applied sessions12 hours
- Workshops26 hours
- Assessments2 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. 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 engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Where it fits
ECX5001 is part of 1 area of study in the 2027 handbook.
Contacts
- Chief Examiners
- Associate Professor Anke Leroux
Common questions
What are the prerequisites for ECX5001?
You need ECF5927, ECC5900, ECF1100, ECC1000, ECB1101, ECW1101, ECX2953 or ECX5953 before you enrol.
When is ECX5001 offered?
In 2027, ECX5001 runs in Semester 2 at Caulfield.
How much work is ECX5001?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECX5001 have an exam?
No. ECX5001 has 3 assessment tasks and no exam.
Which majors and minors include ECX5001?
ECX5001 is part of Business economics.