ENV 512a (Online) / 2020-2021
Microeconomics for Environmental Management
Teaching Mode: Online
Fall 2020: M,W, 1:00-2:20, online
Meets Fall-1 (August 31 - October 13)
This six-week course provides an introduction to microeconomic analysis and its application to environmental policy. Students study how markets work to allocate scarce resources. This includes consideration of how individuals and firms make decisions, and how policy analysts seek to quantify the benefits and costs of consumption and production. We consider the conditions under which markets are beneficial to society and when they fail. We see that market failure arises frequently in the context of environmental and natural resource management. The last part of the course focuses on the design of environmental and natural resource policies to address such market failures. The course is designed to cover basic knowledge of economics analysis and prepare students for ENV 834
and other more advanced offerings.