Welcome - Environmental Economics ECON 5517   Environmental Economics
This course is designed as an introduction to the theory and application of environmental economics. It includes the theoretical analysis of 1) interpersonal and intertemporal decision-making criteria; 2) public goods and externalities (such as pollution) and the advantages/disadvantages of regulatory mechanisms; 3) valuation of environmental benefits or damages (e.g., compensating and equivalent variations); 4) preference revelation (e.g., surveys, hedonic pricing, and travel-cost methods); and 5) anthropocentric valuation of the environment (e.g., existence value, access value, option value and quasi-option value) and the possibility of nonanthropocentric decision making. Empirical analyses will be discussed where the above approaches have been implemented.
FORMAT: Lecture