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ENV516F - Introduction to economics

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate Faculty of Arts

Leader(s): Birendra Rai

Offered

Clayton First semester 2009 (Evening)

Synopsis

Scarcity and social coordination in economic systems. The concepts of demand, costs and supply. Markets and price determination and the concept of market power. Interactions between the economy and the environment. Costs of market exchange as a barrier to coordination of natural resources use by the market signals and incentives. Government planning as an alternative signalling and incentive system. Use of economics to analyse environmental problems.

Assessment

Written assignment (1000 words): 20%
Essay (1250 words): 30%
Examination (2 hours): 50%

Contact hours

2 hour lecture per week

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