ECON171 CM - Environmental Economics

The course explores the economic foundations for public decision-making regarding environmental quality utilizing tools from intermediate microeconomic theory. The course examines the role of the environment within the theory of market failure with particular focus on public goods, externalities, and asymmetric information. Economic incentive-based approaches to correcting environment-related market failures including pollution taxes, cap and trade programs, liability, and information disclosure requirements are emphasized. The course also examines the process of benefit-cost analysis and related methods for valuing improvements in environmental quality.

Prerequisites: ECON 101 CM and ECON 120 CM

Offered: Every year

Credit: 1

Course Number: ECON171 CM