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Welcome to the course

Welcome to the Introduction to Environmental Cost-Benefit Analysis. In this course we will start the conversation about the importance of environmental metrics in economics. You will explore components you should …

Unsustainability

Sustainability can be thought of as representation of intergenerational equity. That is, later generations should receive adequate resources and opportunities to enjoy the same standard of living as generations before. …

What’s next?

Interested in learning more? This free open course offered a taste of studying with Deakin University, a five-star-rated university renowned for world-class teaching and innovation. If you are interested in …

Competitive markets and equilibrium

Through economic efficiency, it is possible to reach the optimal level of social welfare. This requires the market to be perfectly competitive, where: The goods offered for sale are all …

Externality

Market failure is also often due to the presence of externalities. This is a broad type of market failure. It can occur when one party’s welfare is influenced not just …