Degree Courses (for all enrolment details, follow
This page is mainly for prospective or current ANU students who wish to
know what relevant degree courses in environmental, ecological and resource
economics are available at the University.
There is no research degree at ANU specifically in environmental,
ecological and resource economics. The two most relevant degrees are the
PhD in Economics, and the PhD/MPhil in Environment & Resource
The PhD in Economics
starts with Part A, comprising a substantial amount of compulsory
coursework in economics, done in both the Research School of Economics and (for
environmental, ecological and resource economics) the Crawford School of Public
Policy. You will have to choose between either:
(a) entering the Master of
Environmental and Resource Economics (see below), and on completing
that (and subject to a successful application), entering the PhD program
and doing extra Part A coursework before starting your thesis research
(Part B of the PhD); or
(b) entering the PhD directly, and taking relevant Part A options from the
Master in Environmental and Resource Economics.
The right choice will depend on your academic background and sources of
finance, which are generally different for Masters and PhD degrees. If you
are in any doubt, you should consult the PhD
Convenor, the Master's Convenor,
or your potential main thesis supervisor. The supervisor is usually from
one of ANU's two economics groups, in the Research School
of Economics or the Crawford School of Public Policy, but s/he could also be from the Fenner School of Environment and Society.
in Environment & Resource Management does not involve
compulsory coursework, and is better suited for candidates pursuing
interdisciplinary or very policy-oriented research. The main thesis
supervisor is typically from the Fenner
School of Environment and Society or the Crawford School of Public Policy.
Initial enquiries are best addressed to prospective PhD
supervisors, found on the people
page of the EEN site.
Taught (coursework) degrees
Since February 2006, ANU has offered a Graduate
Diploma in Environmental and Resource Economics; and Master
of Environmental and Resource Economics (MERE), equivalent to an
M.S. in North America or M.Sc. in Europe.
The latter was the first MSc in environmental economics in Australia,
and it provides the ideal training before starting a PhD in environmental,
ecological and resource economics. For economics undergraduates already
interested in environmental economics, it is a more efficient route to an
appropriate qualification than an Honours year, which at ANU currently has no lecture course
in environmental or resource economics.
However, there is however no complete Bachelor's degree in environmental,
ecological and resource economics currently at ANU. Taught degree programs
at ANU which can include some study in (but do not focus on) environmental,
ecological and resource economics are :
Bachelor of Economics and
in Economics or in Applied Economics
Graduate Diploma and
Masters of Economics, of Applied Economics, and of Economic Policy
Master of Climate Change, and Graduate
Diploma or Masters in International and Development Economics or in Environmental Management and Development
A range of BSc
majors in environmental science and policy at the Fenner School
A range of
graduate coursework degrees in environmental science and policy at the Fenner School
Taught course units
The various lecture course units on environmental, ecological and
resource economics available in these degrees, which can also be audited by
any student in the University, are as follows (for further details, take
the links to the courses' webpages):
Undergraduate and diploma level
ENVS2007 ECONOMICS FOR THE ENVIRONMENT or
EMDV8078 INTRODUCTION TO ENVIRONMENTAL AND RESOURCE ECONOMICS
Economics for the Environment is a course designed to provide students with an
understanding of the ways in which the discipline of economics can be used to
analyse environmental and natural resource use issues.
IDEC8088 APPLIED ECONOMICS: COST/BENEFIT ANALYSIS
The objective of Cost-Benefit Analysis is to provide decision-makers with information
about the social value of government-sponsored programs, projects and policies, so that
they can allocate resources in a way that improves the well-being of society as a whole.
The course covers the key concepts and tools that are essential for the evaluation of
government activity by applying cost-benefit techniques, including under conditions of
uncertainty. Case studies are employed to give students the confidence and insights
required to undertake their individual assignment. Alternative decision-making approaches
will also be presented to provide a perspective on the advantages and disadvantages of cost-benefit analysis.
IDEC8053 ENVIRONMENTAL ECONOMICS
This course provides a broad coverage of environmental economics for Master-level students.
The course covers market failure, the economics of pollution control, cost-benefit analysis,
environmental valuation, the environment and the economy, global environmental problems, and
other topics. Students will apply economic approaches to analyse policy options to better
manage the environment at both the local and global levels.
IDEC8018 AGRICULTURAL ECONOMICS AND RESOURCE POLICY
This course is designed for students who would like to address three broad questions in agricultural/resource economics and related policy issues:
(1) What are the underlying causes and drivers of the key security (food, water, energy, etc.) challenges at a global and national level?
(2) What scope is there for public policy (short and long term) to address these challenges?
(3) What can and should be done to support efficiency and equitable approaches to these challenges?
IDEC8004 SUSTAINABILITY AND ECOLOGICAL ECONOMICS
This course is currently not being offered
A core course of the Master of Environmental and Resource Economics.
The course is designed to develop an understanding of the sustainability of entire
nations, and of the world. Among the questions addressed are: How can sustainability
be defined? Is it feasible, for either a nation or the world? How might national
accounts be used to measure if a nation, or the world, is developing sustainably?
This leads naturally to "ecological economics" questions. Are there any limits to
the substitution of human-made capital for environmental resource inputs in making
marketed goods, or of marketed goods for environmental quality and social coherence
in making people happy? How uncertain and sudden might such limits be? Can they
be detected by measuring the economy in physical rather than monetary units?
EMDV8002 METHODS FOR ENVIRONMENTAL DECISION-MAKING
This course is designed to provide students with specialist skills used to gather,
integrate and interpret information useful to the Environmental Decision Making process.
It builds upon the knowledge of environmental and resource management tools covered
in EMDV 8102 Tools and Processes for Environmental and Resource Management.
The skills provided include: cost-benefit analysis, contingent valuation, choice
modeling, travel cost analysis, hedonic methods, bio-economic modelling, social
surveying, risk and uncertainty integration.
ECON8050 ECONOMIC GROWTH
This course is currently not being offered
This Master's course explores theoretical developments in the analysis of economic
growth and introduces current debates on evidence and policy relevant to the growth
performance of both developed and developing economies. The course is structured
around a series of key papers from journals. The theoretical material is reinforced
by tutorial exercises that require students to understand and interpret the mathematics
and economics of the growth models.