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 2022 in Semester 2 at Caulfield. It needs ECB1101, ECC5900, ECW1101, ECF1100, ECC1000 or ECF5927.
- Credit points
- 6
- Offered in 2022
- Semester 2
- Caulfield
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
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Requisites
Before ECX5001
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ECX5001
No unit lists ECX5001 as a prerequisite in the 2022 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 2022
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment100%
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
- Workshops36 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.
Contacts
- Chief Examiners
- Dr Corey White
Common questions
What are the prerequisites for ECX5001?
You need ECB1101, ECC5900, ECW1101, ECF1100, ECC1000 or ECF5927 before you enrol.
When is ECX5001 offered?
In 2022, 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 1 assessment task and no exam.