BX2123 - Economics and Sustainable Resource Management

Credit points:	03
Year:	2018
Student Contribution Band:	Band 3
Administered by:	College of Business, Law & Governance

Recognising that resources are of 'value' for a wide variety of reasons (far beyond values expressed in the market place), this subject uses insights from the fields of ecological economics and natural resource economics to consider some of the problems associated with the management of a variety of different natural resources including: entire ecosystems and biodiversity, water, minerals, fisheries, forests and agriculture. It presents and discusses some common economic theories and analytical tools, but its focus is primarily on understanding the real world complications that arise when attempting to manage these resources in a complex socio-ecological system.

Learning Outcomes

• critically evaluate the models and the likely effectiveness of different policy/management interventions in a range of different socio- political contexts;
• explain the key characteristics of a variety of different natural resources (such as whether they are open access, common property, renewable or other), and discuss how these characteristics affect their use.

Prerequisites:	(BU1003 OR BU1903 OR EV2003 OR EG4000) AND ALLOW CONCURRENT FOR BU1003 AND EV2003
Inadmissible Subject Combinations:	EC5218

Availabilities
Townsville, Internal, Study Period 1
Census Date 22-Mar-2018
Coordinator:	Professor Zhang-Yue Zhou, Dr Hong-Bo Liu
Lecturers:	Professor Zhang-Yue Zhou, Dr Hong-Bo Liu.
Contact hours:	38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
Assessment:	end of semester exam (40%); presentation (10%); assignments (30%); quizzes (20%).
External, Study Period 1
Census Date 22-Mar-2018
Coordinator:	Professor Zhang-Yue Zhou, Dr Hong-Bo Liu
Lecturers:	Professor Zhang-Yue Zhou, Dr Hong-Bo Liu.
Contact hours:	0 hours
Method of Delivery:	WWW - LearnJCU
Assessment:	end of semester exam (40%); presentation (10%); assignments (30%); quizzes (20%).

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.