PUBPOL 5380

Markets, Policy and Sustainability

Course Description

Course information provided by the 2025-2026 Catalog.

This course is a survey of environmental economics and policy, covering both general models and specific applications. We learn how economists estimate the demand for environmental goods and services and the costs of preserving them, and then study the efficient extraction of oil and minerals, economics of pollution control, climate change, fisheries, forests, and endangered species. We also cover the intersection of international trade and environmental regulation, as well as sustainability.

Forbidden Overlaps REF-FA25 ECON 3850, PUBPOL 3670, PUBPOL 5970

Last 3 terms offered 2025SP

Learning Outcomes REF-FA25

• Understand market failures most relevant to environmental policy (externalities, public goods, common property) and the role of policies intended to address these market failures.
• Interpret and use economic models of efficient pollution control and natural resource management.
• Distill basic information from peer-reviewed economics journal articles focusing on environmental policy, and interpret economic content in media articles on environmental policy and management.
• Effectively communicate principles of market-based environmental policy to others.
• Model respectful disagreement using reasoned economic arguments with appropriate support.

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