3.0

credits

Average Course Rating

This course presents the fundamental concepts and applications of economic theory related to environmental protection and the management of natural resources, including renewable resources (i.e., fisheries) and exhaustible resources (i.e., petroleum). Topics covered include sustainability, the relationship between the environment and the economy as a whole, the role of government in addressing market failures, how economic incentives can be used to protect the environment, concepts and methods for valuing environmental benefits and cost-benefit analysis of environmental regulatory policies. Prerequisite: AS.420.614 - Environmental Policymaking and Policy Analysis, equivalent course, or experience.