AEM 5510 - Environmental Economics

Spring. 3 credits. Letter grades only.

Prerequisite: coursework in calculus and intermediate microeconomics. Co-meets with AEM 4510/ECON 3865.

M. Gibson.

This class will focus on the role of the environment in the theory and practice of economics. It will make use of microeconomic analysis at the intermediate level and will incorporate real-world examples. It examines market failures, externalities, benefit-cost analysis, non-market valuation techniques, cost-effective policy instruments, and recent applied work on the economics of the environment.