This course uses economic models and tools to analyze environmental and natural resource problems such as climate change, air and water pollution, depletion of renewable and non-renewable resources, and land-use change. The frameworks studied include market failure due to externalities or public goods situations, the cost-effective allocation of pollution control, cost-benefit analysis, firm decision-making in response to regulations, and the management of renewable and non-renewable resources. We will also seek to understand and generate environmental policy solutions from an economic standpoint.
Requisite: ECON 111 or 111E. Limited to 30 students. Professor Sims.
If Overenrolled: Some preference will be given to a) students who have taken fewer 200 level economics classes and b) economics majors. The class will be selected to achieve a group with diverse academic backgrounds and interests.