Environmental and Natural Resource Economics

Catalog description

Prerequisite: ECN 302, or ECN 202 and permission of instructor. Using the concepts of public goods and externalities, the causes of environmental problems will be analyzed. Regulatory approaches will be examined as to their impact and efficiency in controlling pollution and congestion. Externality and sustainability issues involving the rate of exploitation of natural resources will be explored. Both positive and normative economic reasoning will be applied to the related issues of population size, economic-ecological interactions, and future prospects for humanity.