F&ES 834b / 2018-2019

Environmental Economics and Policy

Credits: 3

Spring 2019: M,W, 9:00-10:20, Sage 24

This is a course in environmental and natural resource economics and policy. It covers both general methodological principles and specific applications. Rather than serving as a standard course in environmental and natural resource economics, the material is tailored specifically to master’s students pursuing professional degrees in environmental management. The course therefore has a focus on environmental problem solving in the real world. Topics covered include, but are not limited to: evaluation of environmental policies (e.g., standards, taxes, cap-and-trade); cost-benefit analysis and its critiques; nonmarket valuation (ecosystem services, revealed and stated preferences); discounting and macroeconomic perspectives on climate change; management of nonrenewable resources (oil, minerals, etc.); management of renewable resources (forests, fisheries, etc.); land and biodiversity conservation; the relationship between development, trade, and the environment; strategic incentives for international environmental agreements; and environmental behavioral economics.