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Apr 25, 2024
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ECON 767 - Environmental Economics (3 units)
Application of microeconomic theory to environmental policy. Topics include externalities, public goods, regulation, taxation, tradable permit systems, economic incentives for environmental protection and pollution control.
Grading Basis: Graded
Units of Lecture: 3
Offered: Every Fall - Even Years
Student Learning Outcomes
Upon completion of this course, students will be able to:
1. identify sources of market failure that cause environmental costs to society and develop models for assessing the magnitudes and distributional impacts of these costs.
2. determine for various circumstances, which market-based and regulatory methods are preferable for incorporating environmental costs into economic decision-making.
3. evaluate alternative methods for pollution regulation taking into account geographical implications of movement of pollutants and trade.
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