ECON351

Compare the marginal benefit (demand) and marginal cost (supply) of environmental resource (equality) use.

Distinguish between public goods and externalties as sources of environmental problems.

Analyze Coasian property right structures, Pigouvian taxes and subsidies, pricing, and command-and-control techniques for controlling pollution.

Develop efficiency and cost-minimizing approaches to environmental policy.

Recognize non-economic (legal and political) limitations to environmental policy.