316-208 Economics of the Environment

Students may not gain credit for both 316-208 Economics of the Environment and 316-324 Environmental Economics.

316-102 Introductory Microeconomics.

Topics include externalities and market failure; public goods; the economics of pollution, the optimal level of pollution, policy instruments including taxes, subsidies and marketable permits; pollution control in practice; and valuation methodologies and cost-benefit analysis.

One 2-hour end-of-semester examination (60%), assignments totalling approximately 2000 words (30%) and class participation (10%).