ECON 333 Environment and Natural Resources

An introduction to the economic theory of how and why people make decisions that have consequences for the natural environment and the availability of renewable and nonrenewable natural resources. Analysis will include valuation of pollution damages and controls, the use of environmental valuations to determine optimal levels of pollution, and the evaluation of policy options to achieve those optimal levels. Economic principles will be used to determine optimal rates of extraction and utilization of natural resources. The course will apply analytical results to current environmental and natural resources issues.

pre-rec: ECON 101 or 103.