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 why traditional markets may fail and how to measure the cost and benefits of government intervention and environmental policy. Applications of these tools will be made to air and water pollution, renewable and nonrenewable resources, natural disasters, and global climate. We will compare various public policy responses, such as regulation, marketable permits, aid, and tax incentives. The course will include applications of these concepts to data from the real world.

Units: 1

Max Enrollment: 25

Crosslisted Courses:

Prerequisites: ECON 101 or ECON 101P.

Distribution Requirements: SBA - Social and Behavioral Analysis

Typical Periods Offered: Spring

Semesters Offered this Academic Year: Spring

Notes: