In this unit of study emphasis is exclusively concerned with market failures that impact on the natural environment. Attention is given to why these market failures occur and what role there is for regulation and government policy. Topics covered include efficiency and markets, market failure, externalities (e.g. pollution), various methods of regulating pollution, and measuring the demand for environmental quality.
Unit details and rules
Academic unit | Economics |
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Credit points | 6 |
Prerequisites
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ECON5001 or ECON5040 or ECON6701 |
Corequisites
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None |
Prohibitions
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None |
Assumed knowledge
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None |
Available to study abroad and exchange students | Yes |
Teaching staff
Coordinator | Shyamal Chowdhury, shyamal.chowdhury@sydney.edu.au |
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