Overview
An introduction to the economic analysis of environmental problems associated with the use of depletable and renewable resources; policy instruments for dealing with such problems.
What policy tools are available to manage freshwater resources? Can you put a value on natural resources such as biodiversity? What are depletable resources and how do they generate scarcity rent?
The objective of ECON 207 is to provide you with an understanding of key environmental issues from an economic perspective. By building on the microeconomic concepts and tools introduced in the prerequisite paper, we will analyse such issues as: valuing the environment, cost-benefit analysis, depletable resource allocation, water, fisheries, forests, ecosystem goods and services, pollution and climate change.
About this paper
| Paper title | Environmental Economics |
|---|---|
| Subject | Economics |
| EFTS | 0.15 |
| Points | 18 points |
| Teaching period | Semester 1 (On campus) |
| Domestic Tuition Fees ( NZD ) | $1,053.30 |
| International Tuition Fees | Tuition Fees for international students are elsewhere on this website. |
- Prerequisite
- One of BSNS 104, BSNS 113 or PTWY 111
- Restriction
- PLAN 414
- Schedule C
- Arts and Music, Commerce, Science
- Eligibility
Students taking this paper should be familiar with these concepts and models: supply-demand, marginal benefit/cost, externalities, etc. We will employ some basic maths, but most of the analysis in the paper will be done with the aid of graphs.
- Contact
- economics@otago.ac.nz
- More information link
- View more information about ECON 207
- Teaching staff
Co-ordinator and lecturer: Viktoria Kahui
- Textbooks
Tietenberg & Lewis (2018). Environmental & Natural Resource Economics, 11th edition, Pearson.
- Graduate Attributes Emphasised
- Global perspective, Critical thinking, Ethics, Environmental literacy, Information literacy, Research.
View more information about Otago's graduate attributes. - Learning Outcomes
Students who successfully complete this course will have:
- Improved understanding of how and why the market system sometimes fails to allocate some natural and produced resources efficiently
- Improved ability to identify and evaluate the methods available to governments, businesses and households to improve allocative efficiency, while taking wider societal impacts into consideration
Overview
An introduction to the economic analysis of environmental problems associated with the use of depletable and renewable resources; policy instruments for dealing with such problems.
What policy tools are available to manage freshwater resources? Can you put a value on natural resources such as biodiversity? What are depletable resources and how do they generate scarcity rent?
The objective of ECON 207 is to provide you with an understanding of key environmental issues from an economic perspective. By building on the microeconomic concepts and tools introduced in the prerequisite paper, we will analyse such issues as: valuing the environment, cost-benefit analysis, depletable resource allocation, water, fisheries, forests, ecosystem goods and services, pollution and climate change.
About this paper
| Paper title | Environmental Economics |
|---|---|
| Subject | Economics |
| EFTS | 0.15 |
| Points | 18 points |
| Teaching period | Semester 1 (On campus) |
| Domestic Tuition Fees | Tuition Fees for 2027 have not yet been set |
| International Tuition Fees | Tuition Fees for international students are elsewhere on this website. |
- Prerequisite
- One of BSNS 104, BSNS 113 or PTWY 111
- Restriction
- PLAN 414
- Schedule C
- Arts and Music, Commerce, Science
- Eligibility
Students taking this paper should be familiar with these concepts and models: supply-demand, marginal benefit/cost, externalities, etc. We will employ some basic maths, but most of the analysis in the paper will be done with the aid of graphs.
- Contact
- economics@otago.ac.nz
- More information link
- Teaching staff
Co-ordinator and Lecturer: Associate Professor Viktoria Kahui
- Textbooks
Tietenberg & Lewis (2018). Environmental & Natural Resource Economics, 11th edition, Pearson.
- Graduate Attributes Emphasised
- Global perspective, Critical thinking, Ethics, Environmental literacy, Information literacy, Research.
View more information about Otago's graduate attributes. - Learning Outcomes
Students who successfully complete this course will have:
- Improved understanding of how and why the market system sometimes fails to allocate some natural and produced resources efficiently
- Improved ability to identify and evaluate the methods available to governments, businesses and households to improve allocative efficiency, while taking wider societal impacts into consideration