Oct 31, 2020  
2015 - 2016 Undergraduate Catalog 
2015 - 2016 Undergraduate Catalog [ARCHIVED CATALOG]

ECON 422 - Applied Environmental Economics

Fall (even numbered years) (3) Hicks Prerequisite(s): MATH 111 , ECON 308 .

This course will cover the application of welfare economics to environmental problems. Topics include differences in consumer surplus and other measures of economic welfare and techniques to measure the economic value of environmental resources. The course will be organized around contemporary environmental issues; for example, the economic value of oyster reef restoration in the Chesapeake Bay, preservation of endangered species, and impacts of global climate change on property. The course will examine these problems using real world data and will expose students to a wide variety of economic valuation techniques.