AEM 6510 - [Environmental and Resource Economics]

(CU-SBY)

Fall, spring. Next offered 2017-2018. 4 credits.

Prerequisite: MATH 1110 or equivalent. Enrollment limited to: graduate standing. Open to graduate students outside economics. Core course for environmental management concentration/option.

G. L. Poe.

Review of welfare economics, environmental externalities, and common property resources, and a survey of current environmental and natural resource policy. Covers techniques for measuring benefits and costs-including property value and wage hedonic approaches, travel cost models, and contingent evaluation. Describes survey/data collection methods in detail. Explores innovative market mechanisms for resolving public good, common property, and externality problems. Students are required to complete a paper describing their own formal economic analysis of a natural resource or environmental problem.