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Environmental Sustainability
Economics · Year 12 · Economic Issues · 3.º Período

Environmental Sustainability

Students explore the concept of ecologically sustainable development and market failure regarding environmental goods. The topic covers policies to address negative externalities like pollution.

ACARA Content DescriptionsACHEE053: The concept of ecologically sustainable developmentACHEE054: Market failure and government policies to address environmental issues

About This Topic

Students explore the concept of ecologically sustainable development and market failure regarding environmental goods. The topic covers policies to address negative externalities like pollution.

Key Questions

  1. What is ecologically sustainable development?
  2. How do negative externalities lead to market failure?
  3. What policy tools can governments use to protect the environment?

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Edited by Adriana Perusin, Editor-in-Chief, Flip Education