Fundamentals of Environmental Economics

This course examines the relationship between human well-being and the natural environment through the lens of economics and policy analysis. Students will explore the causes and consequences of environmental degradation, the behaviors that drive it, and the policy tools available to address it. The course introduces a conceptual framework grounded in economics, while drawing from environmental science, ethics, political science, law, and game theory to address questions of efficiency, equity, incidence, and institutional design. The course will include externalities, public goods, common property resources, regulatory instruments, environmental justice, climate change, biodiversity, ecosystem services, and global environmental cooperation. The course emphasizes the importance of both positive and normative economics in policy analysis and encourages critical thinking about how societies identify, assess, and pursue sustainable outcomes.