| Course ID: | ECON 2100. 3 hours. |
| Course Title: | Economics of Environmental Quality |
Course
Description: | The economic analysis of environmental issues, with discussions of current environmental quality problems, their underlying causes, and command vs. market-based solutions. |
| Oasis Title: | ECON OF ENV QUALITY |
| Duplicate Credit: | Not open to students with credit in ECON 4150 |
| Prerequisite: | ECON 2106 and ECON 2105 |
Semester Course
Offered: | Offered every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | This course provides an introduction to the economic analysis of environmental
issues. The course will be loosely divided into two components. The first considers
the economics of externalities and the policy interventions appropriate for
environmental problems. The second examines methods to assign economic value to
environmental goods. The lectures will focus on understanding general principles
rather than examining specific applications. |
| Topical Outline: | Introduction and Microeconomic Review
Benefits and Costs, Supply and Demand
Economic Efficiency and Markets
The Economics of Environmental Quality
Welfare Economics
Externalities
Criteria for Evaluating Environmental Policies
Command-and-Control Strategies: The Case of Standards
Taxes, Subsidies, Mandates and Tradable Permits
Takings, Public Goods, and Policy Implementation
Cost-Benefit Analysis and Valuation |