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ECC4364 - Economics of climate change

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate, Postgraduate Faculty of Business and Economics

Leader(s): Professor Peter Forsyth

Offered

Clayton First semester 2009 (Day)
Australia (Other) First semester 2009 (Off-campus block of classes)

Synopsis

This unit gives students an understanding of the economic dimensions of climate change. It does this by examining how climate change directly will impact on economies, and by examining how climate change mitigation policies, such as emissions trading schemes will impact on economies. It discusses and evaluates Australia's approaches to climate change mitigation. Finally, the subject explores the problems in securing international agreement for action to address climate change.

Objectives

The learning goals associated with this unit are to:

  • provide students with an understanding of the possible impacts of climate change on economies
  • analyse the economic costs of climate change, and how industries can adapt to climate change at minimum cost
  • provide students with an understanding of how economic instruments such as carbon taxes and emissions trading schemes can mitigate climate change
  • analyse how key industries such as electricity and transport can respond to climate
change policies and lessen emissions.

Assessment

Within semester assessment: 30%
Examination (2 hours): 70%

Contact hours

3 hours per week

Prerequisites

ECC1000

Co-requisites

ECC1100

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