Course Description

420.654 - Environmental & Natural Resource Economics

This course presents the fundamental concepts and applications of economic theory related to renewable and nonrenewable resources, and environmental protection. Topics covered include the economics of resource use and depletion, the relationship between the environment and the economy as a whole, the role of government in addressing market failure, concepts and methods for valuing of environmental benefits, cost-benefit analysis of regulatory policies, and how economic incentives can be used to protect the environment. Offered onsite, annually. Prerequisite: 420.614 Environmental Policymaking and Policy Analysis.