Course Objectives and Requirements

The theory of externalities and market failure will provide the basis for applying microeconomic concepts to the study of environmental improvement.  Analytical tools, particularly benefit-cost analysis, will be explained and applied to problems with environmental dimensions.  Criteria and strategies used in the development and implementation of environmental policies will be defined and summarized.  The past and present state of environmental well being with respect to air, water and waste management will be summarized.  Theoretical and policy formulations will be pursued with respect to environmental management issues such as air and water quality, and solid and hazardous waste.  

Course Requirements:

Attendance             10%

Assignments            10%

Group Presentation       20%

Final Paper             60%

Course Contents

Introduction to Environmental Economics

How to analyze environmental problems in an economic lense

Economics models review

Evaluate benefits in environmental problem

Evaluate costs in environmental problems

Risk assessment and management

Cost and benefit analysis in intergeneration

Air pollution

Water pollution

Deforestation

Problems of solid waste

Ocean pollution

Ecology system protection

Climate Change

Sustainable Development

Credits: 2