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)
Student Learning Outcomes
By the end of this course, students should be able to analyze the sources and consequences of market failures for environmental goods and explain why they necessitate policy intervention.
By the end of this course, students should be able to evaluate the effectiveness and efficiency of diverse environmental policy instruments such as taxes, subsidies, and tradable permits.
By the end of this course, students should be able to apply various economic valuation techniques such as travel cost method, and averting expenditure method to environmental decision-making.
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 Sciences
Institutional Competencies
Analytical Thinking
The ability to reason, interpret, analyze, and solve problems from a wide array of authentic contexts.
