Department of Economics

Econ 3352 - Environmental Economics

Course Objectives and Assessment

Objective 1: Understand how environmental problems are modeled from an economic perspective.

Outcome:

  1. Students will understand and apply the basic economic model of supply and demand to environmental markets.
  2. Students will understand and recognize the market failures which exist in environmental markets.

Assessment:

  1. Passing grade on chapter assignments, first midterm exam and research paper.

Objective 2: Understand the environmental regulatory approaches to correct for market failure.

Outcome:

  1. Students will understand the advantages and disadvantages of using a command and control approach to correct market failures.
  2. Students will understand the advantages and disadvantages of using a market approach to correct market failures.

Assessment:

  1. Passing grade on chapter assignments and first midterm exam.

Objective 3: Understand various economic evaluation techniques used to assess environmental issues and policies.

Outcome:

  1. Students will understand the role of risk in environmental decisions and actions.
  2. Students will understand the various techniques used to evaluate the benefits of environmental decisions.
  3. Students will understand the various techniques used to evaluate the costs of environmental decisions.

Assessment:

  1. Passing grade on chapter assignments and second midterm exam.

Objective 4: Use economic modeling and analytical tools to assess specific environmental problems.

Outcome:

  1. Students will critically review the environmental risk, policy response, and cost-benefit analyses conducted on air pollution.
  2. Students will critically review the environmental risk, policy response, and cost-benefit analyses conducted on water pollution.

Assessment:

  1. Passing grade on chapter assignments, research paper, and final exam.

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