PAM 3670 - Economics and Environmental Policy(crosslisted) ECON 3850
Fall. 3 credits.
Forbidden Overlap: due to an overlap in content, students will receive credit for only one course in the following group: AEM 4510 , ECON 3850 , ECON 4820 , PAM 3670, PAM 5970 .
Co-meets with PAM 5970 .
This class will focus on the use of economics as a tool in forming and evaluating environmental policy, with a focus on how economists measure the health and economic effects of pollution and environmental regulation in the United States. Topics include: externalities in an environmental context; regulation methods such as command and control, Pigouvian taxation, and cap and trade; overview of current environmental legislation; environmental quality and health; regulation and environmental justice.
Outcome 1: Students will be able to explain the reasons for market failure in the presence of externalities in an environmental context.
Outcome 2: Students will identify common methods of government intervention in environmental regulation, and explain relative strengths and weaknesses in the context of both social efficient and equity.
Outcome 3: Students will discuss and evaluate methods used to measure the health and economic effects of environmental quality and various environmental policies.
Outcome 4: Students will address the common tradeoffs between equity and efficiency in environmental policy, including environmental justice.