Course Description
The economic analysis of environmental issues, with discussions of current environmental quality problems, their underlying causes, and command vs. market-based solutions.
Athena Title
Economics Environ Quality
Equivalent Courses
Not open to students with credit in ECON 2100E
Prerequisite
(ECON 2105 or ECON 2105E or ECON 2105H) and (ECON 2106 or ECON 2106E or ECON 2106H)
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
General Education Core
CORE V: Social SciencesSyllabus