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 Environmental Qual
Equivalent Courses
Not open to students with credit in ECON 2100
Non-Traditional Format
This course will be taught 95% or more online.
Prerequisite
(ECON 2105 or ECON 2105H or ECON 2105E) and (ECON 2106 or ECON 2106H or ECON 2106E)
Semester Course Offered
Offered fall, spring and summer
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 Learning Outcomes
Analytical Thinking
The ability to reason, interpret, analyze, and solve problems from a wide array of authentic contexts.
