SCARCITY AND ENVIRONMENT

Catalog description

Economic methods and tools to analyze basic environmental issues. Combining theoretical analysis with specific applications to environmental challenges as applied to water, air, energy, climate change and human health issues. Looks at market failure as a cause of inefficient resource use, depletion, and environmental pollution. Focuses on microeconomic analysis of environmental regulations, the problem of social cost, policy instrument choice, enforcement of regulations, and estimating benefits of environmental improvements.