Economics of Environmental Sustainability

Catalog description

Provides an examination of the interaction between market activity and the environment as well as the use of economic decision making to manage the environment. This course applies economic analysis to the efficient and sustainable management of environmental goods and resources, and examines how economic institutions and policies can be changed to bring the environmental impacts of economic decision-making more into balance with human desires and the needs of the ecosystem. The last unit of the course serves as an introduction to the theory, methods, and application of sustainable organizational finance. Topics include financial statements, discounting and budgeting, uncertainty and risk/reward trade-offs, and assessing the financial implications of the triple bottom line (e.g., climate change, carbon trading, human resource managements, and the creation of environmentally conscious shareholder value)..