Environmental and resource economics is at the forefront of the response to local, national and global environmental problems. As such, it has become an essential part of the thinking and actions of national and regional governments, as well as international agencies and organizations. This course seeks to develop a rigorous treatment of the theory of environmental and natural resource economics, and to show how formal economic thinking can assist real world policymaking in areas such as climate change, ecosystem & biodiversity conservation and water resource management.

 

The course consists of four components which cluster together the principal areas of interest and research in environmental and natural resource economics. In addition to learning the economic foundations of environmental and resource economics, these four components are: (i) the economics of pollution control; (ii) the economics of renewable and non-renewable resources; (iii) the economics of sustainable development; and, (iv) the study of international environmental problems and agreements.