It looks like you're using Internet Explorer 11 or older. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. If you continue with this browser, you may see unexpected results.
Welcome to the research guide for Economics 3410, Environmental Economics. This guide will support your research in Economics, Entrepreneurship, Business, Marketing, Management, and related fields of study.
Course Objectives & Scope
COURSE OBJECTIVES:
Define the concepts and implications of resource scarcity and allocation
Describe the market system, how externalities can cause market failure, and the mechanisms to correct for externalities
Explain how environmental goods and services are valued
Define public goods, the problems associated with public goods, and why many environmental problems are public goods issues
Define the tragedy of the commons and the role of property rights
Discuss the basics of cost-benefit analysis and the problems associated with its measurement
Apply economic tools to evaluate environmental policies and regulation
Describe how economic incentives can be used to promote desired environmental outcomes
Describe how various types of economic policy harness market forces more effectively than others (ex. command and control vs. emission trading vs. carbon taxes)