Ecological Economics ((4 Credits))

Catalog description

This advanced level economics study is open to all students and is also part of the Business and Environmental Sustainability Certificate. Ecological economics is a relatively new field that tries to incorporate fundamental resource constraints, scientific principles including the second law of thermodynamics and environmental problems into thinking about the economy, markets and policy. Much of the focus is on systems, global perspectives, and long run concerns. Several areas will be investigated in depth including externalities, public goods, and policies for dealing with these issues. Students can explore specific problems and possible remedies in areas such as water and air quality, energy consumption, transportation, biodiversity, or recycling in detail. Prior to taking this course, student should have an understanding of basic microeconomics. The course satisfies economics and understanding organization in a global context skills in BME guidelines.