Environmental Economics

This course applies theoretical and empirical economic tools to environmental issues. Concepts include externalities, public goods, property rights, non-market valuation, and social cost-benefit analysis. These concepts are applied to a number of areas including nonrenewable resources, air pollution, water pollution, solid waste management, climate change and sustainable development. Special emphasis is devoted to analyzing the role of economics in regional and international environmental policy. Prerequisite: ECON 20100.