David F Layton
PB AF 594
Examines the economic tools relevant to natural resource and environmental management. Tools are developed in the context of a series of resource problems, with an eye towards building intuition useful for addressing complex policy problems that do not fit neatly into textbook examples.
This class gives students economics tools of environmental management. The economic perspective is developed through application to a series of current environmental issues. The place of the economic perspective is shown within a broader management perspective and ways in which these can be integrated are discussed. In particular, we focus on: techniques of non-market valuation; externalities and public goods; common property resources; the optimal use of non-renewable resources (such as oil and metals) and renewable resources (such as fisheries and forests); and the economic analysis of policy instruments for regulating pollution.
Student learning goals
General method of instruction
Class assignments and grading
The text for the course is Environmental and Natural Resource Economics, by Tom Tietenberg published by Addison Wesley. This course is an Evans School Economics Restricted Elective.