Course: Introduction to Environmental Cost-Benefit Analysis

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 …

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. …

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 …

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 …

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 …