Required for : MMA, MA, PhD

Typical Semester : Spring

Typically Taught By : Emi Uchida

 Introduces economic approaches to environmental problems, including pollution control and resource conservation. Emphasizes market failure, regulatory instruments, and policy design.

 Introduces the concepts and approaches in environmental economics for analyzing and addressing environmental challenges. Students learn to apply economic reasoning to evaluate environmental problems and assess policy instruments. The course is structured into two broad parts: Part 1. Economic Frameworks: Property rights, externalities, decision metrics, and policy instruments; Part 2. Non-Market Valuation: Revealed and stated preference methods, benefit transfer. We will apply the theories and empirical methods to a variety of environmental problems: climate mitigation and adaptation, ecosystem services, air and water quality, biodiversity, renewable energy.