Econ 3352 - Environmental Economics
Course Objectives and Assessment
Objective 1: Understand how environmental problems are modeled from an economic perspective.
Outcome:
- Students will understand and apply the basic economic model of supply and demand to environmental markets.
- Students will understand and recognize the market failures which exist in environmental markets.
Assessment:
- Passing grade on chapter assignments, first midterm exam and research paper.
Objective 2: Understand the environmental regulatory approaches to correct for market failure.
Outcome:
- Students will understand the advantages and disadvantages of using a command and control approach to correct market failures.
- Students will understand the advantages and disadvantages of using a market approach to correct market failures.
Assessment:
- Passing grade on chapter assignments and first midterm exam.
Objective 3: Understand various economic evaluation techniques used to assess environmental issues and policies.
Outcome:
- Students will understand the role of risk in environmental decisions and actions.
- Students will understand the various techniques used to evaluate the benefits of environmental decisions.
- Students will understand the various techniques used to evaluate the costs of environmental decisions.
Assessment:
- Passing grade on chapter assignments and second midterm exam.
Objective 4: Use economic modeling and analytical tools to assess specific environmental problems.
Outcome:
- Students will critically review the environmental risk, policy response, and cost-benefit analyses conducted on air pollution.
- Students will critically review the environmental risk, policy response, and cost-benefit analyses conducted on water pollution.
Assessment:
- Passing grade on chapter assignments, research paper, and final exam.