Environmental and Energy Economics

This course applies microeconomic theory to problems in environmental economics and discusses market failure and public goods as laying the foundation for modeling environmental issues. Analytical tools (such as market models, valuation techniques, and cost-benefit analysis) are used to understand the interaction between the economy and the environment. This course also presents conventional and market-based solutions to environmental externalities and presents applications to air quality and water quality. This course also explores topics of energy economics, such as oil and natural gas markets and their implications for the environment.

Credits: 3 Cr.