This course introduces economic perspectives on modern environmental issues. Students study economic theories related to natural resources and the environment. The first half of the course focuses on general concepts and theory, including markets and market failures, non-market valuation, benefit-cost analysis, and dynamic optimization of resource use over time. The second half shifts to applications including renewable and non-renewable resources, pollution, global climate change, fisheries, water, and concepts of sustainability.
Prerequisites: ECON 101