Application of economic concepts and tools to the analysis of natural resources development and environmental degradation; evaluation of public policies on resource and pollution issues. Cross-listed as ECON 310. Prerequisites: ECON 293 or 294; ENVS/BIOL 115.
Prerequisite(s) / Corequisite(s):
ECON 293 or 294; BIOL/ENVS 115.
Course Rotation for Day Program:
Most current editions of the following:
Economics and the Environment
By Goodstein, Eban and Ryan, Marissa (Wiley and Sons, Inc.) Recommended
Environmental and Natural Resource Economics
By Tittenberg, Tom (Addison-Wesley) Recommended
By Field, B.C. (McGraw-Hill) Recommended
Biodiversity and Ecological Economics
By Tacconi, L. (Earthscan Publishing) Recommended
To identify the economic fundamentals of scarcity, opportunity cost, markets and efficiency.
To summarize the major causes of market failure in environmental issues.
To apply the limits of cost/benefit analysis and techniques in measuring non-market values of the environment.
To enumerate management issues of renewable resources.
* Analyze alternative environmental protection strategies and policies. * Discuss the issues involved in establishing sustainable development strategies. * Analyze deplertion stategies of non-renewable resources. * Explain the relationship between property rights, externalities and public goods.
Economic systems and market allocation: - Basic economic concepts: optimization, efficiency, competitiveness - Welfare measurements: time preference, discounting, contingent valuation - Market failure: externalities, public goods
Environmental economics - Environmental valuation: measures and B/C analysis - Wilderness, wetlands, and wildlife valuation - Pollution: corrective taxes, emissions trading - U.S. environmental protection: policies and power
NOTE: The intention of this master course syllabus is to provide an outline of the contents of this course, as specified by
the faculty of Columbia College, regardless of who teaches the course, when it is taught, or where it is taught. Faculty members teaching this
course for Columbia College are expected to facilitate learning pursuant to the course objectives and cover the subjects listed in the topical
outline. However, instructors are also encouraged to cover additional topics of interest so long as those topics are relevant to the course's
subject. The master syllabus is, therefore, prescriptive in nature but also allows for a diversity of individual approaches to course material.