The course will examine key topics in environmental economics with a focus
upon the following questions:

(1) What is efficient and sustainable use of the environment?

(2) What prevents us from sustainably managing the environment?

(3) What approaches can we use to improve environmental management?

The course includes material on environmental valuation, economics of
pollution control and regulation, property rights and incentives, dynamic
environmental management, and global environmental problems.

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

* demonstrate a working knowledge of the principles and methods of
environmental valuation
* analyse the relative merits of several types of environmental regulation in
various contexts
* understand the role of property rights, institutions, and incentives in
environmental problems
* apply course concepts to practical environmental policy issues

2 hours lecture and 1 hour tutorial per week