AED ECON 4310 - Environment and Natural Resource Economics
Economic analysis of the use and management of natural resources and of environmental policy.
This undergraduate course is designed to introduce the basic economic concepts needed to analyze environmental and resource issues. To accomplish this, inclusion of real-world experiences and examples are a central theme in the course. Specific learning objectives include (1) developing an ability to discuss the role of economics in confronting environmental and resource challenges (2) to understand the limits of markets as mechanisms to manage environmental and resource problems (3) to discuss real-world challenges and potential policy responses and support those policy responses with analytical analysis.Topics covered include property rights and land use, sustainability, pollution control, nonrenewable and renewable resource management, climate change, as well as market mechanisms and market shortcomings. Students are routinely encouraged to bring in real-world examples and to actively participate in class discussions on current issues.
AED ECON 6330 - Benefit-Cost Analysis
Calculus-based benefit-cost analysis theory and methods and their application to projects pertaining to public infrastructure, agriculture, the environment, natural resources, and human health.
This course covers the principles and methods used to apply cost-benefit analysis to real world problems. Basic theory underpinning cost-benefit analysis is presented and used to analyze real-world case studies and carry-out analysis. Learning objectives include (1) explaining differences in benefit-cost principles and approaches (2) demonstrating the role of economics in informing policymakers and decision making (3) developing tools to analyze problems using economic foundations to identify costs and benefits (4) developing the capacity to conduct simple benefit-cost calculations and analysis.
AED ECON 7310 - Advanced Environmental Economics
Application of advanced economic theory and methods to the allocation of environmental goods and services.
The objectives of this course are to (1) link economic theory with real-world practices to guide real-world research (2) teach practical skills required for environmental economics research (3) provide first-hand experience in developing research questions, conducting analysis, and thinking critically about real-world problems and (4) communicate the linkages between theory and applied work in writing.