Investigation of the relationship of markets and government regulation to environmental quality. Alternative public policies to improve efficiency and equity will be evaluated. Prerequisites: EC 011, EC 012.
Dates: May 20 - June 28, 2019; Prereqs: EC 11 and EC 12
Course Objectives At the conclusion of the course, students should be able to examine environmental policy issues from an economic perspective. To achieve this, the course has the following specific goals: (1) To apply the basic concepts of demand, supply, market equilibrium, perfectly competitive markets, allocative efficiency, and welfare to describe environment-economy interactions. (2) To explain and differentiate among the theories of public goods, externalities and property rights and explain market failures arising from environmental problems and apply applying these theories to current environmental policy topics. (3) To describe and apply the fundamentals of cost-benefit analysis as applied to environmental decision-making (4) To identify and differentiate between different types of Command and Control Instruments (CACs) and Market-Based Instruments (MBIs) and contemporary approaches to environmental policy and examine how they are implemented in the US and in other countries (5) To relate economic growth and trade with environmental goals and describe how climate change is a transboundary pollution problem that requires international efforts and agreements Required Textbook TBA Blackboard – The course will utilize Blackboard (Bb) for lecture videos and HWs HWs need to be handwritten and scanned within an hour of due date- exams may require handrawn graphs. Study Tips Take good notes while viewing videos lectures - they involve analysis of graphs, numerical examples and economic intuition – you need to master all skills for exams. Lectures complement readings and vice versa. How you do on the exams starts on how well you take down notes; Work out (and practice) numerical problems; Draw (and redraw) graphs for better understanding.
This is 3-credit course. In a normal 15 week semester, one hour of classroom or direct faculty instruction and a minimum of two hours of out-of-class student work each week for approximately fifteen weeks for one semester hour of credit or the equivalent amount of work over a different amount of time; or In this ONLINE For summer class, note that materials for a 15-week semester is covered in 6 weeks. So 6-9 hours per week in a 14 week semester translates to 15-22.5 hours per week during a 6-week summer session.
Grading System 3 exams, homeworks, 2-3 discussion boards Letter Grades A+ 97-100 A 93-96 A- 90-92 Same “A” pattern for B’s C’s and D’s. F <60
Online Course (View Campus Map)