73-148 Environmental Economics

9 units, Carnegie Mellon University

A course for nonmajors which explores the interplay between economics and environmental issues. Topics include market failures and environmental problems, economically efficient allocations of environmental resources, and the intended and unintended consequences of public policies designed to improve the environment. Practical issues surrounding the feasibility of implementing theoretically efficient principles and policies are analyzed, and alternative policies that might achieve better results in practice are investigated. Lecture, 3 hours.

Prerequisites: none listed

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