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    Macalester College
  Feb 17, 2018
College Catalog 2014-2015 [ARCHIVED CATALOG]

ECON 231 - Environmental Economics and Policy

Cross-Listed as ENVI 231  
This course analyzes the economics of public policy toward the environment. It examines the problem of market failure in the presence of externalities and public goods, and considers policy responses to these market failures, including command-and-control regulations, tax and subsidy incentives, and marketable pollution permits. These policies are examined in the context of, for example, urban air pollution, ozone depletion and global warming, water pollution, municipal and hazardous waste, threats to biodiversity, and economic development. Particular attention is paid to methods of quantifying the benefits and costs of environmental protection. This course counts as a Group A elective and serves as a prerequisite for ECON 361 . Prerequisite(s): ECON 119   (4 Credits)