Fall 2020 - Sem: Adv Res and Env Econ (ECON-5410-01)

This course focuses on the application of economic concepts and methods to pollution control and related environmental problems, with attention to theory, empirical tools, and policy implications. After completing this course you should understand and be prepared to use the foundational concepts of environmental economics in your future research as a scholar or practitioner. The main themes to be covered include:\ ethics and welfare economics, economically efficient pollution control, policy instrument choice and mechanism design, second-best policy design, international environmental challenges including climate change, non-market valuation methods including travel cost, hedonic property value, and stated preference methods, benefit-cost analysis and discounting, and environmental accounting theory and practice. Prerequisites: ECON 4400 and ECON 5020. 8/24/2020 - 12/11/2020, Seminar