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Master Syllabus

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Administrative Unit: Physical and Biological Sciences Department
Course Prefix and Number: ENVS 310
Course Title: *Environmental and Resource Economics
Number of:
Credit Hours 3
Lecture Hours 3
Lab Hours 0
Catalog Description: 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;
Prerequisite(s) / Corequisite(s): ECON 293 or 294; BIOL/ENVS 115.
Course Rotation for Day Program: Occasional offering.
Text(s): Most current editions of the following:

Economics and the Environment
By Goodstein, Eban and Ryan, Marissa (Wiley and Sons, Inc.)
Environmental and Natural Resource Economics
By Tittenberg, Tom (Addison-Wesley)
Environmental Economics
By Field, B.C. (McGraw-Hill)
Biodiversity and Ecological Economics
By Tacconi, L. (Earthscan Publishing)
Course Objectives
  • 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.

    Measurable Learning
    * 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.
    Topical Outline:
  • 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
  • Natural resource economics
    - Multiple use management
    - Renewable resources: optimal management; forestry
    - Renewable resources: common property management; fisheries
    - Non-Renewable Resources: depletion strategies; fossil fuels
    - Sustainability
  • Case studies
    - Global climatic change
    - Toxic substances
    - Tropical forests

    Recommended maximum class size for this course: 25

    Library Resources:

    Online databases are available at the Columbia College Stafford Library.  You may access them using your CougarTrack login and password when prompted.

    Prepared by: Julie Estabrooks Date: December 10, 2002
    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.

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