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Unit of study_

AREC2005: Concepts in Enviro and Agricultural Economics

This unit builds on fundamental economics knowledge to develop concepts that are key to the fields of agricultural economics, environmental economics and natural resource economics. Some globally significant themes, such as food security; sustainable agricultural production; climate change; resource/environmental limits and scarcity; biotechnology and innovation; air and water pollution; environment/agriculture interactions; and sustainable development will be used to illustrate the studied concepts.

Code AREC2005
Academic unit Economics
Credit points 6
Prerequisites:
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(ECON1001 or BUSS1040 or ECON1040 or AGEC1006) and (ECON1002 or ECON1003 or ECON1005 or ECON1006 or ECMT1010 or BUSS1020 or GEOS1001 or AGEN1001 or ENVX1002)
Corequisites:
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None
Prohibitions:
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AREC2003 or RSEC2031

At the completion of this unit, you should be able to:

  • LO1. Demonstrate an understanding of the major economic concepts and principles of resource allocation for agricultural production and natural resource management.
  • LO2. Demonstrate an understanding of the economics insights provided by environmental and agricultural economics for the behaviour of households, firms, industries and markets.
  • LO3. Access data and use empirical methods relevant to agricultural production and natural resource management.
  • LO4. Frame problems in terms of core economic concepts and principles, and apply economic reasoning and analytical skills, in order to make informed judgements and decisions about agricultural and environmental resources.
  • LO5. Demonstrate an understanding of policy implications provided by environmental and agricultural economics.