Description
This course is as an introduction to the concepts, theories, and methods used in the economic analysis of environmental and natural resource issues. The course covers topics such as scarcity, choice, economic concept of value, the principles of market efficiency, and market failures (such as pollution). The course explores economic policies addressing these failures. Upon completion of this course, students will be able to examine environmental stewardship by using economic terms such as choices, tradeoffs, scarcity, and renewable and nonrenewable resources. Prerequisites: ECON 101 – Principles of Microeconomics.