MAE322 - The Economics of the Environment

Unit details

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Year2014 unit information
Enrolment modes:Trimester 1: Burwood (Melbourne), Warrnambool, Cloud (online)
Credit point(s):1
EFTSL value:0.125
Unit chair:

H Scarborough


Must have passed a unit in MAE101, MAE103, SLE103 or SQA101

Incompatible with: Nil
Contact hours:

1 x 2 hour class, 1 x 1 hour seminar per week


You will need to access substantial learning resources and experiences in CloudDeakin (Deakin’s online learning environment). Compliance with the Standards in computing, connectivity and student capability are a condition on your enrolment.


This unit introduces the use of economic tools to evaluate environmental issues. It is designed to develop in students an awareness of the socio-economic issues relevant to natural resource management. Topics include: the relationship between the economy and the environment; market failure and environmental problems; an introduction to Benefit Cost Analysis as a decision making tool; discussion of methods of valuation of environmental goods and services; the allocation of renewable resources (catchments and agriculture); the allocation of common property resources (fisheries) and the economics of biodiversity.


Written Assignment 1 1000 words 15%, Written Assignment 2 1500 words 25%, Examination 2 hours 60%, Hurdle requirement: achieve at least 50% of the marks available on the examination.

Unit Fee Information

Student Contribution Rate*Student Contribution Rate**Fee rate - Domestic Students Fee rate - International students

* Rate for all CSP students, except for those who commenced Education and Nursing units pre 2010
** Rate for CSP students who commenced Education and Nursing units pre 2010
Please note: Unit fees listed do not apply to Deakin Prime students.