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BX2123 - Economics and Sustainable Resource Management

Credit points: 3
Year: 2020
Student Contribution Band: Band 3
Administered by: College of Business, Law & Governance

Recognising that resources are of value for a wide variety of reasons (far beyond values expressed in the market place), this subject uses insights from the fields of ecological economics and natural resource economics to consider some of the problems associated with the management of a variety of different natural resources (including entire ecosystems and biodiversity, water, minerals, fisheries, forests and agriculture). The subject presents and discusses some common economic theories and analytical tools, but its focus is primarily on understanding the real world complications that arise when attempting to manage these resources in a complex socio-ecological system. As such, the subject is relevant to both students in economics and in environmental science, who wish to understand the economist's perspective on managing the environment.

Learning Outcomes

  • explain the key characteristics of a variety of different natural resources and discuss how these characteristics affect their use;
  • analyse, using the economic models discussed in this subject, the economic mechanisms that lead or contribute to a selected environmental concern;
  • design a policy response to manage a selected environmental concern and justify, using the economic models discussed in this subject, the effectiveness of the policy response.

Subject Assessment

  • end of semester exam (40%)
  • assignments (30%)
  • quiz (30%).
Prerequisites: (BU1003 OR BU1903 OR EV2003 OR EG4000) AND ALLOW CONCURRENT FOR BU1003 AND EV2003
Inadmissible
Subject
Combinations:
EC5218

Availabilities

Townsville, Intensive, Study Period 3
Census Date 06-Feb-2020
Face to face teaching 29-Jan-2020 to 07-Feb-2020 (3 day workshop on 29-31 Jan 2020 AND 3 day workshop on 5-7 February 2020 [attendance is compulsory]. Compulsory pre-reading required prior to attending workshop. This subject is taught primarily online through LearnJCU and students need to participate online throughout the whole study period. Students must engage in online learning from the first week of the study period and throughout the entire study period.)
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
  • assessment and self-directed study

External, Study Period 3
Census Date 06-Feb-2020
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 0 hours
  • assessment and self-directed study
Method of Delivery: WWW - LearnJCU

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.