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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. 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.

Paper title Environmental Economics
Paper code ECON207
Subject Economics
EFTS 0.1500
Points 18 points
Teaching period First Semester
Domestic Tuition Fees (NZD) $846.30
International Tuition Fees (NZD) $4,073.10

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Prerequisite
BSNS 104 or BSNS 113
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
Teaching staff

Co-ordinator 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.
Textbooks

Tietenberg & Lewis Environmental & Natural Resource Economic, 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
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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Timetable

First Semester

Location
Dunedin
Teaching method
This paper is taught On Campus
Learning management system
Blackboard

Lecture

Stream Days Times Weeks
Attend
L1 Monday 16:00-16:50 9-16, 18-22
Tuesday 11:00-11:50 9-16, 18-22
Thursday 16:00-16:50 9-16, 18-22

Tutorial

Stream Days Times Weeks
Attend one stream from
T1 Tuesday 12:00-12:50 10, 12, 14, 16, 19, 21
T2 Thursday 10:00-10:50 10, 12, 14, 16, 19, 21
T3 Friday 10:00-10:50 10, 12, 14-15, 19, 21
T4 Friday 14:00-14:50 10, 12, 14-15, 19, 21