ECON 370 - Environmental and Resource Economics
Section: 001
Term: FA 2013
Subject: Economics (ECON)
Department: LSA Economics
Requirements & Distribution:
Credit Exclusions:
No credit granted to those who have completed or are enrolled in ECON 471 or 472, or NRE 571 or 583.
Waitlist Capacity:
Enforced Prerequisites:
ECON 101.
May not be repeated for credit.
Primary Instructor:

This course focuses on how basic economic concepts — supply, demand, and opportunity cost — can be used to understand and manage a wide range of environmental problems. Topics include the sources of market failure for environmental goods, externalities and policy approaches for their control, discounting and benefit-cost analysis, nonmarket valuation, and management of nonrenewable and renewable resources. The emphasis is on conceptual understanding rather than formulas or solution algorithms; students have to understand economic reasoning more than they will use math. The tests and much of the homework assignments are short-answer questions that require students to explain their reasoning. Lectures will cover key concepts; discussion sections and readings will provide reinforcement through examples and problem-solving. Students completing this course will have an improved understanding of the economics paradigm, the sources of environmental problems, and some ideas for their solution.

ECON 370 - Environmental and Resource Economics
Schedule Listing
001 (LEC)
NOTE: Data maintained by department in Wolverine Access. If no textbooks are listed below, check with the department.

ISBN: 9780321599490
Environmental economics and policy, Author: Tom Tietenberg, Lynne Lewis., Publisher: Addison-Wesley 6th ed. 2010
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