* WWS 306 / ECO 329 / ENV 319 (SA)
Course introduces use of economics in understanding both the sources of and the remedies to environmental and resource allocation problems. It emphasizes the reoccurrence of economic phenomena like public goods, externalities, market failure and imperfect information. Students learn about the design and evaluation of environmental policy instruments, the political economy of environmental policy, and the valuation of environmental and natural resource services. The concepts are illustrated in a variety of applications from domestic pollution of air, water and land to international issues such as global warming and sustainable development.
Sample reading list:
Eban S. Goodstein, Economics and the Environment, Sixth Edition
See instructor for complete list
Approximately 50 pages of reading per week, plus four assignments,mid-term exam and final exam.
Mid Term Exam - 30%
Final Exam - 40%
Oral Presentation(s) - 10%
Problem set(s) - 20%
Prerequisites and Restrictions:
MAT 103 or equivalent and ECO 300 OR equivalent..
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