This course explores the relationship between economic activity and the environment. The objective is to familiarize students with the causes, consequences and possible solutions to local and global environmental issues. Students will become familiar with the techniques used by governments and businesses in determining the economic impact of various environmental policies. Building on economic concepts from introductory economics, this course will look at a variety of environmental problems and possible policy solutions. Topics covered include externalities, public goods, cost-benefits analysis, environmental degradation and policies for environmental regulation. The course will also cover global environmental issues such as ozone depletion and biodiversity. Students will be required to apply the tools learned in their economics, accounting and finance classes to carry out environmental valuations and cost-benefit calculations.
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