Environmental Economics

Catalog description

Credits 3. 3 Lecture Hours. Application of economic theory to the analysis of global environmental challenges and policy design; examines how market failures and externalities give rise to pollution and resource depletion; evaluates alternative approaches to environmental management including regulation, taxation and market-based instruments such as tradable permits; introduces methods for cost-benefit analysis and non-market valuation of environmental goods. Prerequisite: Grade of C or better in ECON 323 .