An introduction to the economic analysis of environmental problems such as air and water pollution, global warming, acid rain and ozone depletion; policy instruments for dealing with such problems.
The objective of ECON 207 is to provide you with an understanding of key environmental issues from an economic perspective. Building on microeconomic analysis introduced in BSNS 104 and ECON 112, we apply economic concepts to issues such as valuing the environment, cost-benefit analysis, depletable resource allocation, water, fisheries, forests, ecosystem goods and services, pollution and climate change.
|Paper title||Environmental Economics|
|Teaching period||First Semester|
|Domestic Tuition Fees (NZD)||$829.65|
|International Tuition Fees (NZD)||$3,993.30|
- (BSNS 104 or BSNS 113) and ECON 112
- PLAN 414
- Schedule C
- Arts and Music, Commerce, Science
- The prerequisites for the paper are BSNS 113 and ECON 112 (i.e. Principles of Economics I and II). You should be acquainted with the concepts and models developed in your Principles papers: supply-demand, marginal benefit/cost, externalities etc. We'll employ some basic maths, but most of the analysis in this paper will be done with the aid of graphs.
- More information link
- View more information about ECON 207
- Teaching staff
- Convenor and lecturer: Viktoria Kahui
- Paper Structure
- Revision of key economic concepts relevant for environmental economics
- Weekly topics such as valuation of the environment, cost-benefit analysis, water, etc.
- Tietenberg & Lewis Environmental & Natural Resource Economic, 10th edition, Pearson
- Graduate Attributes Emphasised
- Global perspective, Critical thinking, Ethics, Environmental literacy, Information
View more information about Otago's graduate attributes.
- Learning Outcomes
- The aims are to improve your understanding of how and why the market system sometimes fails to allocate some natural and produced resources efficiently and your ability to identify and evaluate the methods available to governments, businesses and households to improve allocative efficiency, while taking wider societal impacts into consideration.