School Of Economics And FinanceEnvironmental EconomicsWestern Sydney University Unit Code: 200074.1
Discipline: ECONOMICS
Student Contribution Band: 2
Level: 3
Credit Points: 10
Assumed Knowledge
Economics of Planning and The Environment or Microeconomics
About this Unit
The unit focuses on the application of economic theory to the study of how environmental resources are developed and managed. As a society, we have come to recognise that economic activity and the natural environment are inextricably linked. Recent developments in economic theory and practice have influenced consumer behaviour, corporate strategy and public policy and made this study a highly dynamic field. In the last two decades, we have witnessed changes in product design, capital investment practices, tax policies, product packaging and technology - all because environmental issues have been integrated into private and public decision-making. New industries are emerging in environmental products and services. National and international policies are being developed to preserve natural resources and ecosystems. Firms are redefining their business strategies in response to new regulations and the changing demands of more environmentally conscious consumers.