Economics - Adv Environmental Econ Theory

Catalog description

This course covers advanced theoretical models used in the economic analysis of environmental issues. Students learn to apply the criteria of cost-effectiveness, efficiency, and social welfare to the evaluation of environmental policies. Topics explored in the course include market failures stemming from environmental externalities, emission standards, market-based policy instruments (e.g., taxes, subsidies, cap and trade), voluntary approaches, legal liability, and enforcement. Prerequisite: ECON 801 or consent of instructor.