Course Code: BUS 5022
Academic Year: 2025-2026
This course applies economics to environmental issues faced internationally. Students examine strategies for assessing trade-offs between environmental preservation and other economics and social activities. A framework for examining environmental problems and recognizing what constitutes a feasible set of solutions is developed. Economic concepts developed include market failure and government intervention, valuing environmental resources, economic efficiency and the relationship between the environment and the aggregate economy. Environmental issues examined include ozone depletion and global warming, energy production and use, waste management, fisheries management, tropical deforestation, extinction, water quality and toxic waste.