ECONOMICS OF SUSTAINABLE DEVELOPMENT (EC3043)

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This course familiarizes students with concepts and methods that are used in the analysis of the interaction between the economy, the environment and society, and studies the range of policies that can be applied to environmental and social problems. The key issue is how markets can be made to work for sustainable development.

Code: 
EC3043
Name: 
ECONOMICS OF SUSTAINABLE DEVELOPMENT
Discipline: 
EC (Economics)
Type: 
Regular
Level: 
Undergraduate
Credits: 
4
Can be taken twice for credit?: 
No
Pre-requisites: 
(EC2010 OR EC2010GE110) AND (EC2020 OR EC2020GE110)
Co-requisites: 
None

Learning Outcomes

  1. Appreciate the role of market mechanisms in sustaining natural resources.
  2. Be able to evaluate the outcomes of various approaches to externality control, including administratively set standards, decentralized policies, and incentive-based strategies;
  3. Be aware of different approaches to the economic valuation of environmental assets, including stated and revealed preference methods;
  4. Understand the economic principles of supply and demand, welfare analysis, and market failure, when applied to environmental and natural resource issues;

Archived Syllabi