Lectures on introductory environmental economics (undergraduate).
This is an introductory course in environmental economics. The objective of this course is to provide a better understanding of the principles of economics, with a particular emphasis on the interaction between the economy and the environment.
The first half of the course will cover the foundations of economics (consumer and producer theories), which explain why markets are so useful when they are working properly. In the second half, we will shift gears and learn about limitations of markets.
Class will meet on Mondays, 14:30-16:00 & 16:10-17:40.
Introductory microeconomics with the corresponding background in mathematics.
No required textbooks for this course. But in case you are not yet comfortable with elementary calculus, the following book might be useful:
My office hours are 13:30 to 15:00, Tuesdays. Please feel free to drop by my office during the office hours and ask me anything. Otherwise, please make an appointment by email.
- Introduction [slide]
- Economic principles [slide]
- Consumer theory
- Producer theory
- Competitive market
- Efficiency and welfare theorem
- Elementary game theory
- Market failure and policy instruments
- Cost-benefit analysis and valuation