Skip to main content
Unit of study_

ECON6018: Environmental Economics

In this unit of study emphasis is exclusively concerned with market failures that impact on the natural environment. Attention is given to why these market failures occur and what role there is for regulation and government policy. Topics covered include efficiency and markets, market failure, externalities (e.g. pollution), various methods of regulating pollution, and measuring the demand for environmental quality.

Code ECON6018
Academic unit Economics
Credit points 6
ECON5001 or ECON5040 or ECON6701

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

  • LO1. identify and analyse key economic factors related to a given environmental problem
  • LO2. determine and evaluate alternative institutional settings under which the possible solutions to an environmental problem might be supported
  • LO3. identify and evaluate data needs and sources for a meaningful environmental economic analysis
  • LO4. determine, formulate and communicate policy implications from a conducted environmental economics study
  • LO5. propose economic conceptual frameworks to be used for analysis of environmental problems
  • LO6. apply methods of empirical environmental economics analysis (optimisation, econometrics, valuation of environmental goods, etc.).