AEM 6840 - [Economics of Biofuels: Implications for the Nexus of Agricultural, Energy and Environmental Policies]

Fall. 2-3 credits, variable.

Prerequisite: knowledge of microeconomics. (Not offered every year)

H. deGorter.

Topics include feedstock-biofuel-oil price linkages, profitability, tax credits versus mandates, sub-optimal environmental and energy policies, policy interactions, international trade models, import tariffs, “subsidy” component of biofuel policies and the WTO, life-cycle accounting and sustainability standards, developing countries and poverty, food-versus-fuel debate, and implications for technology and farm subsidies.