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Course Details

Spring 2010-2011
* ECO 429 (SA)   Graded A-F, P/D/F, Audit

Issues in Environmental and Natural Resource Economics

Smita B. Brunnermeier

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. These 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:
Stavins, Robert N., Economics of the Environment: Selected Readings, 5th Edition
Roger Perman, Michael Common, James McGilvray, Yue Ma, Natural Resource and Environmental Economics, 3rd Edition

Reading/Writing assignments:
Homework assignments involving quantitative and qualitative analysis will be assigned every other week.

Mid Term Exam - 30%
Final Exam - 35%
Oral Presentation(s) - 10%
Problem set(s) - 25%

Prerequisites and Restrictions:
None. While this course is directed primarily at juniors and seniors majoring in economics, the theory and applications presented in the course will be developed from basic principles and should be accessible to non-economists..


Schedule/Classroom assignment:

Class numberSectionTimeDaysRoomEnrollmentStatus
40730 L01 01:30:00 pm - 02:50:00 pm T Th   McCosh Hall   64   Enrolled:12 Limit:40
P01 TBA        Enrolled:0 Limit:40