Environmental, Agricultural and Resource Economics
About the major
A major in Environmental, Agricultural and Resource Economics provides a valuable understanding of commodity markets and the economics of agricultural production, and an analytical understanding of a wide range of natural resource management problems. The 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. Focus is placed on the development of analytical, quantitative and communication skills. It adds considerably to the prospects of students interested in working as applied economists in commodities and futures markets, merchant and trading banks, government departments, large agribusiness firms, corporate farms, and in the media as economic journalists.
Requirements for completion
The Environmental, Agricultural and Resource Economics major and minor requirements are listed in the Environmental, Agricultural and Resource Economics unit of study table.
Overlapping 1000 level core units of study
Where students are completing both an Environmental, Agricultural and Research Economics major and a major in Economics or in Financial Economics, where either or both of ECON1001 Introductory Microeconomics and ECON1002 Introductory Macroeconomics are core units for both majors, the overlapping 1000 level core unit can count towards the requirements for both majors.
Students needs to complete 6 credit points in elective units of study to make up for the overlap and ensure the required total of credit points are completed for their degree. The elective unit can be from the School of Economics electives or from Table S. For more information please refer to the Economics Degree Subject Area.
Overlapping 1000 level core units of study in School of Economics and Business School majors
Some 1000 level core units in majors offered by Business can be counted towards the requirements of both the relevant Business major and the Environmental, Agricultural and Resource Economics major, where there is a prohibition between the Environmental, Agricultural and Resource Economics major core unit ECON1001 Introductory Microeconomics and the relevant Business unit.
Students need to complete 6 credit points in elective units of study to make up for the overlap and ensure the required total of credit points are completed for their degree. The elective unit can be from the School of Economics electives or from Table S. For more information please refer to the Economics Degree Subject Area.
Unit equivalents to ECON1001 Introductory Microeconomics from Business:
- BUSS1040 Economics for Business Decision Making
Learning outcomes
| No. | Learning outcome |
|---|---|
| 1 | Demonstrate an understanding of the principles and theories of microeconomics and macroeconomics as they relate to environmental, agricultural and resource economics. |
| 2 | Demonstrate an ability to apply economic theory and methods to assess environmental issues and analyse agricultural and resource markets. |
| 3 | Demonstrate an ability to critically evaluate benefits and costs of alternative government policies related to environmental issues and agricultural and resource markets. |
| 4 | Clearly communicate the results and implications of informed and sophisticated economic analysis applied to environmental, agricultural and resource economics. |
| 5 | Work independently and collaboratively to construct and defend a valid argument related to environmental, agricultural and resource economics. |
| 6 | Apply economic analysis to work and research in other relevant disciplinary communities. |
Advanced Coursework
The Bachelor of Advanced Studies within the School of Economics provides students with a cohesive program in advanced studies in Economics. The advanced coursework units provide students with advanced theoretical knowledge and skillsets for analysing macroeconomic policy issues and practice in Australia and internationally. They equip students with an understanding of the fundamentals of modern models of corporate finance and governance. The project units will develop communication and research skills, and allow students to apply their knowledge to a real world or policy related problem, with the opportunity to collaborate with industry partners.
Requirements and units of study for advanced coursework can be found on the Environmental, Agricultural and Resource Economics advanced coursework units of study page.
Contacts and further information
Website: School of Economics
Email:
Example Pathways
Environmental, Agricultural and Resource Economics major pathway
| Year and Semester | Units of Study | ||
|---|---|---|---|
| Year 1 |
Sem 1 |
ECON1001 Introductory Microeconomics |
|
| Sem 2 |
ECON1002 Introductory Macroeconomics |
||
| Year 2 |
Sem 1 |
AREC2005 Concepts in Environmental and Agricultural Economics |
|
| Sem 2 | ECOS2001 Intermediate Microeconomics | ||
| Year 3 |
Sem 1 | AREC3XXX/ECOS3XXX Environmental, Agricultural & Resource Economics major selective unit | ECOS3997 Interdisciplinary Impact in Economics |
| Sem 2 | ECOS3013 Environmental Economics | AREC3006 Agricultural Production Economics | |
Environmental, Agricultural and Resource Economics minor pathway
| Year and Semester |
Units of Study |
||
|---|---|---|---|
| Year 1 |
Sem 1 | ECON1001 Introductory Microeconomics | |
| Sem 2 | ECON1002 Introductory Macroeconomics | ||
| Year 2 |
Sem 1 |
AREC2005 Concepts in Environmental and Agricultural Economics |
|
| Sem 2 | ECOS2001 Intermediate Microeconomics | ||
| Year 3 |
Sem 1 | ||
| Sem 2 | ECOS3013 Environmental Economics | AREC3006 Agricultural Production Economics | |
Double major pathway
Environmental, Agricultural and Resource Economics and Financial Economics
| Year and semester | Units of study | ||
|---|---|---|---|
| Year 1 | Sem 1 | ECON10001 Introductory Microeconomics | ECMT1010 Introduction to Economic Statistics |
| Sem 2 | ECON1002 Introductory Macroeconomics | ||
| Year 2 | Sem 1 |
ECOS2001 Intermediate Microeconomics or ECOS2901 Intermediate Microeconomics Honours (Environmental, Agricultural and Resource Economics major core unit) |
AREC2005 Concepts in Environmental and Agricultural Economics |
| Sem 2 | ECMT2130 Financial Econometrics | ECOS2002 Intermediate Macroeconomics (Financial Economics major core unit) | |
| Year 3 | Sem 1 | ECOS3022 The Economics of Financial Markets | ECOS3XXX/ECMT3XXX Financial Economics major selective unit |
| ECOS3XXX/AREC3XXX Environmental, Agricultural and Resource Economics major selective unit | ECOS3XXX/AREC3XXX Environmental, Agricultural and Resource Economics major selective unit | ||
| Sem 2 | ECOS3XXX/ECMT3XXX Financial Economics major selective unit | ECOS3013 Environmental Economics | |
| ECOS3997 Interdisciplinary Impact in Economics | ECON3998 Industry and Community Project |