ECON 518 Spring 2013 Environmental Policy and Natural Resource Management (Q)

Cross Listed as ECON386, ENVI386
Policymakers in developed and developing countries struggle to manage natural resources and to protect the environment from excessive degradation while attending to pressing human needs. Economics has a rich body of advice to help achieve these goals. In this course, we will study environmental policy and natural resource management from a microeconomic (and, to a lesser extent, macroeconomic) perspective. We will explore relevant economic theory, look for empirical evidence in scholarly studies, and study actual policies as they have been implemented. The course is undergirded by concepts like sustainability, welfare within and across generations, market failure, and valuation of environmental assets. We will continually emphasize issues of efficiency and equity. Again and again we will see that the challenges are both technical and ethical, as society is forced to make troubling tradeoffs. Topics in the class will include pollution (with a focus on climate change and on incentive-based policies like tax and "cap-and-trade"), management of nonrenewable and renewable resources (including resources like oil, forests, and fisheries), and energy (with its obvious links to resource use and climate change). We will also examine the relationship between development and the environment, touching on controversial topics such as the "natural resources curse" and the relationship between economic growth and the demand for environmental quality.
Class Format: seminar
Requirements/Evaluation: problem sets, paper, brief presentation, a midterm, and a final exam
Additional Info:
Additional Info2:
Prerequisites: Economics 251, familiarity with statistics
Enrollment Preference: senior Economic majors and CDE masters
Department Notes: this course satisfies the Environmental Policy requirement for the Environmental Policy major and the Environmental studies concentration
Material and Lab Fees:
Distribution Notes:
Divisional Attributes: Division II, Quantitative and Formal Reasoning
Other Attributes: ENVI Environmental Policy,ENVP Political Economy Electives,ENVP Environmental Policy Courses,MAST Interdepartmental Electives,POEC Comparative POEC/Public Policy Courses
Enrollment Limit: 25
Expected Enrollment: 20
Class Number: 3440
CLASSES ATTR INSTRUCTORS TIMES CLASS NUMBER ENRL CONSENT
ECON518-01(S) SEM Env Pol&Natural Resource Mngmt (Q) Division 2: Social StudiesQuantitative and Formal Reasoning Sarah A. Jacobson
MWF 11:00 AM-12:15 PM Griffin 5 3440
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