ECON 207 Environmental Economics

18 points. Semester 1.

Overview

This paper applies the tools of microeconomics to examine a variety of local and global environmental issues. Environmental economics deals with issues associated with the "tragedy of the commons", i.e., the inefficient allocation of natural resources to which access to varying extents is unrestricted, resulting, for example, in depleted fisheries, global and local atmospheric pollution, poor water quality, and damaged scenic vistas. We develop economic models and methods to identify and evaluate public and private reponses to inefficient use of these resources, including public regulatory restrictions and cost-benefit analysis, privatisation, pricing (taxes, subsidies, and tradable permits) and negotiation.

Paper coordinator

Paul Thorsnes

Prerequisite

(BSNS 104/ECON 111 and ECON 112) or ECON 101

Course Outline

For more information about this paper please view the 2011 course outline in pdf format.

Course Related Materials

Lecture notes, diagrams and problem sets will be available on Blackboard. Use your student user name and password to log in.

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