ENVI 5031

This course is designed as a one term introduction to economics for graduate students who do not have any or limited undergraduate economics training. However, it is also suitable for students with prior economics training who are interested in exploring the environment-economy relationship further. The course begins with a brief but intense guided tour of economics. We then focus on key topics in environmental economics, including among others:* the sustainable economy* theory of market failure, public goods and externalities* environmentalist critiques of economic thinking* environmental and natural resource accounting* economic valuation of the environment* time in economic/environmental analysisThe final part of the class explores the theory and practice of a new discipline which better integrates environmental and economic analysis; namely the field of “ecological economics”. The course is open to students in other parts of the University who are interested in economy and environment.