Environmental Economics

3.00 credits · Undergraduate

Prereq: ECON 1001; ECON 1011; or permission of the Department This course presents the application of economic analysis in the study of environmental problems. It examines when and why markets often fail to allocate sufficient resources to environmental conservation, and critically assess different policy instruments available to correct for the fundamental "market failure". Using the analytical methods, it examines the following types of policies: measures to control air and water pollution, the disposal of hazardous wastes, the protection of endangered species, and the control of cross border pollution, including the Canadian "Green Plan". (Format: Lecture 3 Hours)