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Environmental Economics
University of Sydney - Direct Enroll Program
Sydney, Australia
Dates: late Jul 2027 - late Nov 2027
Environmental Economics
OVERVIEW
CEA CAPA Partner Institution: University of Sydney
Location: Sydney, Australia
Primary Subject Area: Economics
Instruction in: English
Course Code: ECOS3013
Transcript Source: Partner Institution
Course Details: Level 300
Recommended Semester Credits: 4
Prerequisites: 2000 level in AREC, RSEC, or ECOS (e.g. micro)
DESCRIPTION
The natural environment is invariably affected by production and consumption in our modern economy. In particular, environmental outcomes are important in the presence of market failures (externalities and public goods). This unit focuses on developing a student's detailed understanding of the economic techniques used by policymakers to address environmental issues. These techniques include: Pigovian taxes and subsidies; regulation with asymmetric information; marketable permits; pricing contributions for public goods; optimal damages; and the allocation of property-rights and market failures.