ECO3009F - Natural Resource Economics

Course Information

Third year, first semester, 4 lectures and 1 tutorial per week.

Prerequisites:

Students must have completed ECO1010F/S/H Introductory Microeconomics and
ECO1011S Introductory Macroeconomics and ECO2003F Microeconomics II and ECO2004S
Macroeconomics II or a Science major at the 2000 level.

Course outline:

This course has special emphasis on water use. The concepts, theories, institutions, analytical
methods for economic evaluation of alternative resource use patterns and land use plans.

The course consists of the following four focus areas:

• Part I: Evidence of water scarcity
• Part II: Dealing with scarcity
• Part III: Allocating water
• Part IV: Models to value water use

Additional Information:

Course information, such as the dates, times and venues of lectures, tutorials and tests, and of the
prescribed and recommended books will be posted on the School of Economics notice board at the
beginning of the semester.