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ECON2500 – Environmental Economics pdf

Credits: 3 (3/0/0)
Description: This course aims to equip students with the economic methods and tools to analyze basic environmental issues. It combines theoretical analysis with discussions on specific environmental policies as applied to water, air pollution,energy, climate change and human health issues. Within these examples, topics that will be covered include the microeconomic analysis of environmental regulation, the problem of social cost, policy instrument choice, enforcement of regulations and estimating benefits of environmental improvements.
Prerequisites: ECON2210
OR
ECON2222
Corequisites: (None)
Competencies:
  1. Determine the benefits of protective environmental policy
  2. Determine the costs of a protective environmental policy
  3. Evaluate the criteria used for enviromental policies
  4. Evaluate liability laws and property rights
  5. Explain incentive based environmental strategies - emission charges and subsidies
  6. Explain incentive based environmental strategies - Transferable discharge permits
  7. Evaluate federal water pollution control policy
  8. Evaluate federal air pollution control policy
  9. Compare state and local environmental issues
  10. Compare environmental policies across nations
MnTC goal areas:
  • (2) Critical Thinking
  • (5) History and the Social and Behavioral Sciences
  • (10) People and the Environment

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