The principles of economic theory are used to provide powerful insights into business institutions and practices. Applications of the theory are illustrated by reference to real companies and events. C161 Introduction to Economics . Students who have successfully completed C269 Industrial Economics may not enrol in this unit for credit. This unit deals with the theories and policies relevant to the efficient and equitable management of society's stocks of natural resources.
Special attention is given to mineral resources, energy resources, water, forests and marine life.
Specific topics include the depletion of nonrenewable resources, regulation of common property resources, taxation of the resources sector, and the operation of minerals and energy markets. The emphasis of the unit is on finding appropriate government policies for the management of natural resource uses. C161 Introduction to Economics . This unit identifies the sources of inefficiency and inequity in the environment. Appropriate policies to correct these problems are outlined.