ENVI 379(F) Economics of the Environment (Same as Economics 379) (Q)
This course satisfies the "Environmental Policy" requirement for the Environmental Studies concentration.

ECON 379(F) Economics of the Environment (Same as Environmental Studies 379) (Q)
This course acquaints students with an intermediate level of environmental and natural resource economics. First half of the course will be devoted to establishing an understanding of basic theoretical concepts as they apply to real-world environmental and resource problems. The topics include externalities, public goods, common property resources, taxes, standards, tradable pollution permits, and inter-temporal resource management. Second half will discuss more advanced topics and familiarize students with analytical tools and models commonly used in environmental and resource economics. The topics include cost-benefit analysis, non-market valuation, choice of pollution-control instruments, uncertainty and the role of information, inter-temporal models of renewable and non-renewable resources, and international environmental treaties.
Format: lecture/discussion. Requirements: written problem sets, a midterm, a short essay, and a final exam.
Prerequisites: Economics 251, familiarity with statistics. Enrollment limit: 25 (expected: 20). Preference given to senior majors.
Hour: KONISHI