Course overview
This course examines how society makes decisions about the allocation of scarce and uncertain resources when human desires for the use of the resources are limitless. The course discusses resource allocation criteria that can be considered when natural resource (re)allocation policies, projects or plans are evaluated. The course investigates the interpersonally, intertemporally efficient allocation of non-renewable and renewable natural resources, including water resources, marine resources, forests, minerals and energy sources, in an Australian context.
Course learning outcomes
- Develop a sound understanding of the economically adopted paradigms about the efficient and sustainable use of natural resources
- Develop an ability to evaluate the allocation of natural resources in terms of efficiency and equity amongst different stakeholders
- Develop an understanding of social disputation over the use of natural resources, and the discrepancy between social efficiency and private efficiency
- Develop ability to critically analyse natural resource management policies, by way of various case studies
- Convey their ideas, using the knowledge gained through class participation
Degree list
The following degrees include this course