Environmental Economics

Part 1 Introductory: what is environmental economics?; the economy and the environment. Part 2 Analytical tools: benefits and costs, supply and demand; economic efficiency and markets; the economics of environmental quality. Part 3 Environmental analysis: framework of analysis; benefit-cost analysis - benefits; benefit-cost analysis - costs. Part 4 Environmental policy analysis: criteria for evaluating environmental policies; decentralized policies - liability laws, property rights, moral suasion; command and control strategies, the case of standards; incentive-based strategies - emission tables and subsidies; incentive-based strategies - transferable discharge permits. Part 5 Environmental policy in the United States: federal water pollution control strategy; federal air pollution control policy; federal policy on toxic and hazardous substances; state and local environmental issues. Part 6 International environmental issues: environmental policies in other industrialized countries; economic development and the environment; the global environment; international environmental agreements.