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BX2123 - Economics and Sustainable Resource Management

Credit points: 3
Year: 2014
Student Contribution Band: Band 3
Administered by: School of Business (pre 2015)

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. It 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.

Learning Outcomes

  • critically evaluate the models and the likely effectiveness of different policy/management interventions in a range of different socio- political contexts;
  • explain the key characteristics of a variety of different natural resources (such as whether they are open access, common property, renewable or other), and discuss how these characteristics affect their use;
  • apply a range of different models to explain the use of different types of natural resources and how they help identify problems that are, or are not, likely to arise in their management;
  • demonstrate an ability to use the models to make predictions about whether or not the use of different resources is likely to be sustainable, and consider management/policy interventions that seek to ameliorate any potential problems.
Prerequisites: (BU1003 OR EV2003) AND ALLOW CONCURRENT FOR BU1003 AND EV2003
Inadmissible
Subject
Combinations:
EC5218

Availabilities

Townsville, Internal, Study Period 1
Census Date 27-Mar-2014
Coordinator: Dr Hong-Bo Liu
Lecturers: Professor Zhang-Yue Zhou, Dr Hong-Bo Liu.
Workload expectations:
  • 26 hours lectures
  • 12 hours tutorials
Assessment: end of semester exam (40%); presentation (10%); assignments (30%); quizzes (20%).

External, Study Period 1
Census Date 27-Mar-2014
Coordinator: Dr Hong-Bo Liu
Lecturers: Professor Zhang-Yue Zhou, Dr Hong-Bo Liu.
Workload expectations:
  • 0 hours
Method of Delivery: WWW - LearnJCU
Assessment: end of semester exam (40%); presentation (10%); assignments (30%); quizzes (20%).

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.