This course investigates the effect of human activity upon the environment as well as the effect of the environment on human well-being. It pays special attention to the impact of production and consumption of material goods upon the quantity and quality of environmental goods. The analysis focuses on the challenges presented in mixed economics where markets are combined with government intervention to manage pollution and scarcity. The course reviews efforts to measure the costs and benefits of improving environmental conditions and evaluates current and potential policies in terms of the costs of the environmental improvements they may yield. Attention is also paid to the special difficulties which arise when the impacts of pollution spill across traditional political boundaries. This course will be offered in 2022-23, and in alternating years thereafter.
Introductory Microeconomics (Econ 1110)
Students may not receive credit for both ECON 2117 and ECON 3117.