Environmental Economics SES-632
This course will consider contemporary environmental economics, applying principles of equity, efficiency and effectiveness to environmental issues. The course will consider several analytical tools (e.g. marginal analysis, cost-benefit analysis, externalities, full-cost pricing, incentives, public goods, risk and alternatives assessment and equity analysis). We will study when markets work and when they don’t. Then we will consider various policies that the public sector can use to make markets work, and when they have to be bypassed all together.