Environmental and Resource Economics

Economics is a diverse, fascinating discipline that studies a wide range of issues that shape the broad framework of society – political, social and commercial. The School of Economics has a proud history as one of the most highly ranked centres in economics. This is reflected in our degrees, which promote a deep understanding of the key concepts of economics with a focus on contemporary issues of Australian and international importance. Our graduates are leaders in their fields – at the Reserve Bank, Treasury and other government departments, in global financial institutions, in business, and with international agencies and NGOs. They also go on to further study at some of the finest institutions in the world.

The major in Environmental and Resource Economics provides a valuable analytical understanding of a wide range of natural resource management problems. This major also provides valuable quantitative skills for students interested in economic management of natural resource systems, environmental economics, fishery and forestry economics, ecosystems, conservation and sustainability. For the award of a major in Environmental and Resource Economics, students complete 24 credit points of core prerequisite units and 36 credit points in senior units.

For the award of a major in Environmental and Resource Economics students complete:

(i) four junior prerequisite units of study (24 credit points), as follows:

  • ECMT1010 Introduction to Economic Statistics (or BUSS1020 Quantitative Business Analysis#)
  • ECMT1020 Introduction to Econometrics
  • ECON1001 Introductory Microeconomics
  • ECON1002 Introductory Macroeconomics

(ii) three compulsory senior units of study (18 credit points), as follows:

  • ECOS2001 Intermediate Microeconomics; OR ECOS2901 Intermediate Microeconomics Honours##
  • AREC2003 Concepts in Environmental and Resource Economics
  • AREC2004 Benefit-Cost Analysis

(iii) a minimum of two senior elective units of study (12 credit points) selected from the following:

  • AREC3003 Economics of Minerals and Energy Industries*
  • AREC3004 Economics of Water and Bio-Resources
  • ECOS3013 Environmental Economics

(iv) one senior elective unit of study (6 credit points) selected from the following:

  • AREC3001 Production Modelling and Management
  • AREC3003 Economics of Minerals and Energy Industries*
  • AREC3004 Economics of Water and Bio-Resources
  • ECMT2150 Intermediate Econometrics
  • ECOS3002 Development Economics
  • ECOS3005 Industrial Organisation
  • ECOS3006 International Trade
  • ECOS3013 Environmental Economics

*Units not offered in 2017

#BUSS1020 is a core unit for the Bachelor of Commerce and related degrees and substitutes for the junior prerequisite unit ECMT1010 for students enrolled in those courses.

Any senior unit can only be counted toward one major (be it the Economics, Econometrics, Financial Economics, Agricultural Economics or Environmental and Resource Economics major).

##Where students are completing both an Economics and an Environmental and Resource Economics major, an additional senior elective (at ECOS2000 or ECOS3000 level) should be completed for one of the majors, as both majors require the compulsory unit ECOS2001/ECOS2901. Both majors must include at least 36 senior credit points without counting a senior unit i.e. ECOS2001/ECOS2901 towards two separate majors.

Contact/Further Information

School of Economics
sydney.edu.au/arts/economics
Room 370, Merewether H04
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