This unit presents the fundamental building blocks of marine resource economics and the key objectives and components of major economic theories of marine resource management. Students will gain knowledge in basic resource economic theory as well knowledge of the economic dimensions of issues and debates confronting marine resource management. Students will gain skills in applying key economic principles and analytical concepts to major policy and management problems concerned with the marine environment and its exploitation. Students will learn practical analytical skills through applying bio-economic modelling of fisheries to marine resource management. Topics students will explore include multiple use and scarcity of marine resources, privatisation of access rights, consumer and producer surplus, environmental valuation, resource allocation. On completing this unit students will be able to identify and appraise economic dimensions of and solutions to complex problems in fisheries, aquaculture, other marine resource-based sector management.
|Unit name||Marine Resource Economics|
|Faculty/School||College of Sciences and Engineering
Institute for Marine & Antarctic Studies
|Discipline||Fisheries and Aquaculture|
Steven Rust, Klaas Hartmann
|Available as student elective?||Yes|
|Location||Study period||Attendance options||Available to|
- International students
- Domestic students
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|Study Period||Start date||Census date||WW date||End date|
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see withdrawal dates explained for more information).
Unit census dates currently displaying for 2020 are indicative and subject to change. Finalised census dates for 2020 will be available from the 1st October 2019.
Explain economic concepts relevant to marine resource management issues
Apply economic concepts and techniques to management of specific marine resource problems
Critique an economic policy for its distributional effects and social implications
Discuss social, culture or political factors that contribute to economic policy success or failure in marine resource management
|Band||CSP Student Contribution||Full Fee Paying (domestic)||Field of Education|
|2||2020: $1,190.00||2020: $2,493.00||010907|
Fees for next year will be published in October. The fees above only apply for the year shown.
Please note: international students should refer to this page to get an indicative course cost.
Weekly for 13 weeks, 2h lectures, 2h tutorials, alternating fortnightly with 2h practicals
1. Examination - invigilated (externally - Exams Office) 2 hours (40%)
2. Presentation 10-16 minutes (20%)
3. Laboratory/practical 2 hours (20%)
4. Essay 1000-1500 words (20%)
|Timetable||View the lecture timetable | View the full unit timetable|
Environmental and Natural Resource Economics. Thomas H. Tietenberg and Lynne Lewis [available as electronic resource through the UTAS Library]
Booktopia textbook links
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