This course considers the economic aspects of resource and environmental issues. After examining the concepts of externalities, public goods, and common property resources, we will discuss how to measure the cost and benefits of environmental policy in order to estimate the socially optimal level of the environmental good. Applications of these tools will be made to air and water pollution, renewable and nonrenewable resources, and global climate. In addressing each of these problems we will compare various public policy responses such as regulation, marketable permits, and tax incentives.

Units: 1

Max Enrollment: 25

Crosslisted Courses:

Prerequisites: ECON 101 or ECON 101P.

Instructor: Keskin

Distribution Requirements: SBA - Social and Behavioral Analysis

Typical Periods Offered: Spring

Semesters Offered this Academic Year: Spring

Notes: