EC 250 - Environmental Economics

Microeconomics is applied to problems of the environment. The impact of incentives, externalities, public good and property rights on pollution are studied. Cost-benefit analysis is applied to real world problems in cases where the benefits and/or costs may be very difficult to measure Current environmental laws and policies in the US are examined along with their effects. Global issues are discussed, including climate change and the tension between development and the environment in developing countries.

Four credits.

Prerequisite(s): EC 141.