ECON 510 - Environmental Econ and Sust

Credits: 4

Economic analysis of environmental pollution, management of natural resources and sustainable development, Concept of market failure and ways to address it including pollution taxes and tradeable pollution permits; environmental valuation and management of renewable and non-renewable resources. Rigorous economic models of environmental problems, supplemented with economic intuition and graphical analysis. In-depth discussion of at least one contemporary environmental policy issue. Pre-requisites: under graduate courses in Microeconomic Theory (ECON 360 or equivalent) and Econometrics (ECON 466 or equivalent).