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ECON207 Environmental Economics

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
Paper code ECON207
Subject Economics
EFTS 0.1500
Points 18 points
Teaching period First Semester
Domestic Tuition Fees (NZD) $829.65
International Tuition Fees (NZD) $3,993.30

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(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.
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 literacy, Research.
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.

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First Semester

Teaching method
This paper is taught On Campus
Learning management system


Stream Days Times Weeks
L1 Monday 16:00-16:50 9-13, 15-22
Tuesday 11:00-11:50 9-13, 15-22
Thursday 16:00-16:50 9-13, 15-22


Stream Days Times Weeks
Attend one stream from
T1 Tuesday 12:00-12:50 10, 12, 15, 17, 19, 21
T2 Thursday 10:00-10:50 10, 12, 15, 17, 19, 21
T3 Friday 10:00-10:50 10, 12, 15, 17, 19, 21