Environmental Economics

The Objective of this course is to enable understudies to understand that how economic methods can be applied to a whole selection of environmental economics problems. Understand a number of the challenges and difficulties that arise in using economic analysis in environmental policy design. Be able to solve and manipulate a variety of diagrammatic and algebraic models in environmental economics, and critically evaluate these models. Be familiar with a number of real world environmental policy problems and understand how economic analysis has been applied in their solution.
This is a short term course with the contents: Introduction to Environmental Economics, Economy-Environment Relationships, Pollution Characteristics and Trends, The Competitive Market Model, Social Efficiency and Competitive Market Failure, Economics of Pollution, Benefit-Cost Analysis (BCA), Measuring Benefits, Measuring Costs, Evaluation Criteria, Liability Laws and Establishing Property Rights, Moral Suasion and Pollution Standards, Pollution Taxes and Subsidies, Marketable Pollution Permits, Environmental Policy-making, Water Policies, Air Pollution Policies, The Kyoto Protocol and Carbon Markets, Toxic Substances and Solid Waste Policies.