Environmental Economics
General
Prefix
ECON
Course Number
351
Course Level
Undergraduate
Department/Unit(s)
College/School
Herberger Business School
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.
Credits
Min
3
Max
3
Goals and Diversity
Learning Outcomes
Outcome
Compare the marginal benefit (demand) and marginal cost (supply) of environmental resource (equality) use.
Outcome
Distinguish between public goods and externalties as sources of environmental problems.
Outcome
Analyze Coasian property right structures, Pigouvian taxes and subsidies, pricing, and command-and-control techniques for controlling pollution.
Outcome
Develop efficiency and cost-minimizing approaches to environmental policy.
Outcome
Recognize non-economic (legal and political) limitations to environmental policy.