* WWS 406 (SA)
Issues in Environmental and Natural Resource Economics
Course introduces use of economics in understanding both the sources of and the remedies to environmental and resources allocation problems. It emphasizes the reoccurence 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. These concepts are illustrated in a variety of applications from domestic pollution of air, water and land to internatinal issues such as global warming and sustainable develoment.
Sample reading list:
Roger Perman, Michael Common, James McGilvray, Yue Ma, Natural Resource and Environmental Economics, 3rd 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:
A working knowledge of multivariate calculus and intermediate microeconomics is assumed. Consult the instructor if you have not taken MAT 200 or equivalent and ECO 300 or equivalent..
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