Environmental and Resource Economics

Catalog description

This course uses microeconomics to understand the causes and how to devise solutions to environmental and natural resource problems. Subjects include valuation, benefit-cost analysis, policy design and property rights. The course relies on these concepts to explore major current policy issues such as economic incentives in environmental policy, air and water pollution, depletion of renewable and nonrenewable resources, and global warming. Students are evaluated based on problems sets, short essays, 3 quizzes and 3 prelims.