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ECON 403 Environmental Economics (3 Credits)

It explores the central questions of whether markets work and what must be done if they fail. It covers theory and evidence on government responses to market failure. Special emphasis is on developing and applying tools in evaluating environmental policies.

Learning Outcomes:

  • Understand the theory behind and evidence on regulatory, tax, and other government responses to problems of market failure.
  • Get to know tools developed and implemented to evaluate environmental policies.
  • Understand cost-benefit analysis, measurement of the benefits of non-market goods and costs of regulations, and the evaluation of the impact of regulations in areas such as financial markets, workplace health and safety, consumer product safety, and other contexts.