ECON 510Environmental Econ and Sust

Catalog

Economic analysis of environmental pollution, management of natural resources and sustainable development. Concept of market failure and ways to address it including pollution taxes and tradeable pollution permits; environmental valuation and management of renewable and non-renewable resources. Rigorous economic models of environmental problems, supplemented with economic intuition and graphical analysis. In-depth discussion of at least one contemporary environmental policy issue. Format: Discussions and lectures, 2 midterm papers, final project Pre-requisites: undergraduate courses in Microeconomic Theory (ECON 360, college level stats and calculus).