Environmental and Resource Economics
Victoria University of Wellington
Wellington, New Zealand
Area of Study
Economics, Environmental Studies, Environmental Sustainability
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
Topics include property rights and transactions costs; environmental externalities and associated missing markets; valuation of environmental resources; irreversibility and its economic implications under uncertainty; economics of pollution control; economics of natural resource use; decision-making under New Zealand's Resource Management Act.
This course aims to provide students with an understanding of the major results of environmental
and resource economics. There is a list of topics to be covered on page 4 below. Assessment will take a variety of forms. You will be asked to write short explanations, to interpret and construct theoretical diagrams and to solve simple mathematical problems. With respect to the mathematics, we will assume that you have a basic knowledge of partial differentiation. If you have successfully completed ECON 201, you should be in good shape.
Course Learning Objectives
Students passing this course should be able to:
1. articulate the implications for socially desirable decisions of environmental externalities
2. articulate the principles of socially desirable decisions regarding the use of natural resources
3. explain and critique methods used to conduct valuations of environmental resources and cost-benefit analyses of environmental regulations
4. apply economic theory to model decisions that have impacts on the environment or resource stocks.
Your assessed work may also be used for quality assurance purposes, such as to assess the level of achievement of learning objectives as required for accreditation and academic audit. The findings may be used to inform changes aimed at improving the quality of VBS programmes. All material used for such processes will be treated as confidential, and the outcome will not affect your grade for the course.
Assignment 1 12.5%
1 hour test 20%
Assignemtn 2 12.5%
Group [resentation 5%
2 hour final exam 50%
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Some courses may require additional fees.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.