Course Outline

  1. An overview of environmental and resource economics;
  2. Optimal extraction of non-renewable resources;
  3. Imperfect competition in natural resource markets
  4. International trade and natural resources;
  5. The economics of water use;
  6. The economics of energy;
  7. Externalities; endogenous environmental risk;
  8. Standard vs. taxes in population control;
  9. Tradable permits in economic theory;
  10. Comparison of instruments of environmental policy; Cost-
  11. benefit analysis of environmental policy and management.

Reference Books

  1. Andrson, David A. 2013. Environmental Economics and Natural Resource Management.
  2. Callan, Scott J., Janet M. Thomas. Environmental Economics and Management: Theory, Policy, and Applications. Cengage Learning.
  3. Field, Barry, and Martha K. Field. 2008. Environmental Economics. McGraw-Hill.
  4. Hanley, Nick, Jason Shogren, and Ben White. Environmental Economics: In Theory and Practice. Palgrave Macmillan.
  5. Howe, Charles W. 1979. Natural Resource Economics: Issues, Analysis and Policy. New
    York: Willey and Sons Inc.
  6. Tietenberg, Tom. (1998). Environmental Economics and Policy. 2nd edition, Addison-Wesley.