Faculty of Business and Economics

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Monash University Handbook 2011 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

FacultyFaculty of Business and Economics
OfferedNot offered in 2011
Coordinator(s)Associate Professor Lionel Frost


Economic systems and environmental problems. Suitability of the market system to deal with environmental problems. The need for government intervention. Microeconomic principles and decision making in the management of privately and publicly owned renewable and non-renewable natural resources. International, national and regional policies addressing natural resources and environment.


The learning goals associated with this unit are to:

  1. analyse the problem of global resource scarcity within an international, national and regional context
  2. understand how intermediate economic principles can be extended to address advanced and specialised problems of natural resources and environment
  3. develop strong analytical and research skills within an economic framework
  4. apply economic analysis to contemporary environmental and natural resource issues
  5. use economic tools to assist decision making in the use of environmental and natural resources and to critically evaluate environmental and natural resources policy.


Within semester assessment: 40%
Examination (2 hours): 60 %

Contact hours

3 hours per week


ECW1102, ECW2120 or ECW2731 or equivalent