James Cook University Subject Handbook - 2024
For subject information from 2025 and onwards, please visit the new JCU Course and Subject Handbook website.
EC5218 - Economics and Sustainable Resource Management
| Credit points: | 03 |
| Year: | 2024 |
| Student Contribution Band: | Band 4 |
| Administered by: | College of Business, Law & Governance |
Subject Description
- 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). The subject 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. As such, the subject is relevant to both students in economics and in environmental science, who wish to understand the economist's perspective on managing the environment.
Learning Outcomes
- explain at an advanced level the key characteristics of a variety of different natural resources and discuss how these characteristics affect their use
- critically analyse (using the economic models discussed in this subject) the economic mechanisms that lead or contribute to a selected environmental concern
- design a policy response to manage a selected environmental concern, and justify (showing advanced and integrated knowledge of the economic models discussed in this subject) the effectiveness of the policy response
Subject Assessment
- Written > Test/Quiz 1 - (10%) - Individual
- Oral > Presentation 1 - (40%) - Individual
- Written > Case study analysis - (40%) - Group
- Written > Test/Quiz 2 - (10%) - Individual
Note that 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.
Assumed Knowledge: Introductory subjects in Economics and Statistics
Inadmissible Subject Combinations: BX2123
Availabilities
Townsville Bebegu Yumba, Trimester 1, Mixed attendance, (Face to Face dates exist for this availability) | |
| Census date: | Thursday, 22 Feb 2024 |
| Study Period Dates: | Monday, 29 Jan 2024 to Saturday, 27 Apr 2024 |
| Face to face teaching: | (Face to Face - Dates: TBA) |
| Coordinator(s): | DR Daniel Grainger Assoc. Professor Diane Jarvis |
| Lecturer(s): | DR Minh Ngoc Nguyen Assoc. Professor Diane Jarvis DR Daniel Grainger |
| Workload expectations: | The student workload for this 3 credit point subject is approximately 130 hours.
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