Economic Analysis of Environmental and Natural Resource Policies
|Professor: Gregmar I. Galinato||Office: Hulbert Hall 203C|
|Office: Hulbert Hall 203C||Hours: 4:00 – 5:00pm M, W
or by Appointment
This course applies economic principles to environmental and natural resource issues. Economic theory will provide a framework to analyze questions of optimal management and valuation of the environment, natural resource use and misuse, natural resource policy and law, resource scarcity and sustainability. The first half of the course emphasizes on understanding models that evaluate policies regulating pollution as well as models that value the environment. The second half of the course focuses on economic modeling of natural resource problems.
Syllabus (pdf copy)
Midterm Answer Key part 1 part 2
1. Introduction and Math Review. Due:
2. Benefit Cost Analysis. Due:
3. Environmental Valuation. Due:
4. Environmental Regulations. Due:
5. Discrete Time Problems. Due:
6. Renewable Resources. Due:
7. Nonrenewable Resources. Due:
8. Forestry. Due:
Overview of Valuation Techniques.
Hedonic Pricing (Hanley and Spash CH4)
Travel cost method and production function approach (Hanley and Spash CH5 and CH6)
Contingent valuation method (Hanley and Spash CH2)
Benefit Cost Analysis
Computer Lab Lectures
Benefit Cost Analysis.
Introduction to dynamic models with solver.