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ECON 351. Environmental Economics

Credits: 3
Department: Economics
Description: Economic principles relating to use of environmental resources. Market processes and the environment. Pollution, recycling, air and water quality, risk and environmental policy. Not open to economics majors and minors.
Semester Offered: Fall
Grading Method: ABCDF

Student Learning Outcomes

1. Compare the marginal benefit (demand) and marginal cost (supply) of environmental resource (equality) use.
2. Distinguish between public goods and externalties as sources of environmental problems.
3. Analyze Coasian property right structures, Pigouvian taxes and subsidies, pricing, and command-and-control techniques for controlling pollution.
4. Develop efficiency and cost-minimizing approaches to environmental policy.
5. Recognize non-economic (legal and political) limitations to environmental policy.

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