Natural Resource and Environmental Economics /Environmental and Resource Economics

Course Description:

This course focuses on the application of economic theory andanalysis to the management of the environmental and natural resources, and addresses policy tools required for meeting environmentally sustainable development. Topics that will be covered include: the link between economic activity, environment resources, and sustainable development; efficiency, property rights, and market failure in the utilization of natural resources; optimal use of natural resources (both renewable and non-renewable); economics of pollution and pollution control; valuing environmental goods and services; and environmental impacts assessment.

Course Learning Outcomes:

On successful completion of this course, students will be able to:

• Apply economic analysis to the management of the environment and natural resources.
• Analyze theoretical and empirical research in environmental and natural resource economics.
• Prepare an analytical policy report that develops knowledge and practical implementation of relevant economic theory in understanding and addressing environmental and natural resource issues.