Resource and Environmental Economics
General
Prefix
ECON
Course Number
551
Course Level
Graduate
Department/Unit(s)
College/School
Herberger Business School
Description
The theory of public goods and externalities; analysis of stock resources (e.g., minerals and energy) and flow resources (e.g., forestry and fisheries); environmental economics and public policy analysis: air and water quality, pollution, global warming, biodiversity.
Credits
Min
3
Max
3
Repeatable
No
Goals and Diversity
MN Goal Course
No
Cultural Diversity
No
Learning Outcomes
Outcome
Calculate the efficiency consequences of public goods and externalities in environmental and natural resource use.
Outcome
Specify when and why private and social marginal benefits or marginal costs might differ.
Outcome
Determine the efficiency consequences of private property, common property, and other property right structures.
Outcome
Demonstrate efficient decision making for forests, fisheries, extractive stock resources, and other environmental or natural resources.
Outcome
Compare market based approaches to environmental problems versus current command-and-control approaches.
Outcome
Evaluate Pigouvian taxes, permit systems, and other public policies for controlling resource use.
Dependencies
Programs
ECON551
is a
completion requirement
for: