Quantitative Valuation of the Environmen

The Quantitative Valuation of the Environment course will explore theory and methods of economically valuing environmental benefits and disbenefits, and how they can be applied in decision-making processes to improve stated outcomes. Specifically, it examines model specification for stated preference valuation, generating awareness of the theoretical and empirical questions being investigated in the area, generating awareness of environmental and resource issues currently being debated, and practical issues such as how these welfare economics measures can be used in efficiency measures such as benefit cost analysis.