| Course ID: | ENVM 4650/6650. 3 hours. |
| Course Title: | Environmental Economics |
Course
Description: | Application of the principles and methods of economics to the
study of how scarce environmental resources are allocated by
individuals and society. Focus on the role of incentives to
manage the natural environment and on how to design economic
mechanisms to bring into balance environmental impacts with human
desires. |
| Oasis Title: | Environmental Economics |
| Prerequisite: | AAEC 2580 or AAEC 2580E or ECON 2106 or ECON 2106E or ECON 2106H |
| Pre or Corequisite: | AAEC 3580-3580L or permission of department |
Semester Course
Offered: | Offered fall semester every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | Many contemporary environmental problems share a strong
economic component: environmental damage as a result of the
production and consumption of goods and services. The purpose
of this course is to apply economic analysis to the study of
environmental problems and policies. In the process, students
will become familiar with the basic structure of environmental
policy and regulation in the U.S. Individual and group
projects will help students develop research and analytical
skills relevant to environmental problems. Graduate students
enrolled in the course will obtain additional training and
instruction in advanced theory and economic analysis of
environmental regulations and policies through separately
assigned readings, homework sets and a semester research
project.
The course also offers students basic scientific principles of
economics that govern natural systems. Using resource issues
and economics, the course addresses the consequences of human
activity on local, regional, and global natural systems. |
| Topical Outline: | 1. Tools of analysis
2. Efficiency and markets
3. Benefits and cost
4. Discounting
5. Policy evaluation
6. History
7. Penalties
8. Water
9. Air pollution
10. Hazardous wastes |