Course Details
Country:
Ireland
Institution:
University of Galway
Course Title:
Environmental And Natural Resource Economics
Course Number:
EC388
Course Description:
This course introduces students to the use of economic tools in analysing natural resource issues. The course discusses issues surrounding environmental sustainability in the context of economic growth. The theory of externalities and public goods are discussed and this addresses environmental external effects with respect to depletion and pollution. Causes of environmental externalities are also included in the context of missing markets and property rights. The components of value which, make up total economic value of environmental goods is considered. These include direct, indirect, option value and existence value. Willingness to pay and willingness to accept approaches are discussed. Revealed and stated preferences valuation techniques are included. Consideration is also given to the analysis of environmental policy instruments, with an emphasis on pollution control. Issues surrounding international environmental problems including climate change are also discussed.
Language:
English
Approved Equivalent:
ECON 335
Attachment Files:
