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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Upon successful completion of this course, the student will be able to:
Describe the current environmental issues in Canada and how they are impacted by economic activity.
Explain the nature of externalities as it applies to environmental goods.
Apply valuation techniques to traditional non-market goods such as parks, green-space and natural water ways.
Calculate the benefits and cost of capital projects that impact the environment.
Describe the alternative regulatory tools used to achieve environmental policy.
Compare alternative strategies to address a given issue using cost-benefit analysis.
Describe the roles and jurisdiction of both the provinces and the federal government in regulating and protecting the environment.
Discuss current environmental issues and their impact on society.
Explain the tradeoffs between the use of pollution standard, emission fees and transferable discharge permits to limit environmental damage.
Identify and explain the requirements for an effective environmental strategy.
Effective as of Fall 2015
ECON 7460 is offered as a part of the following programs:
School of Business
Accounting Full-time/Part-time Bachelor of Accounting
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