Econ 01 - Econ 131: Economics of the Environment UC San...

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Econ 131: Economics of the Environment UC San Diego Prof. Mark Jacobsen Today Overview of course mechanics, goals, topics What is “environmental economics” (Ch. 1, Keohane and Olmstead) Trends in environmental quality US Other countries Global (transboundary) environmental problems
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Next class Read Chapters 1 and 2 of the text (Keohane and Olmstead) Syllabus OfFce hours, class email Textbook TA’s Grades Schedule (exams 10/14, 10/28, and 12/8)
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Environmental economics? A contradiction in terms? Not usually, environmental economics offers (one) complete view of the subject. We study incomplete markets Many environmental amenities can be used (and abused) for free. ...and public goods Defnition : A good that everyone beneFts from even if they didn’t contribute. Environmental economics? Environmental economics represents one complete way to see environmental problems Sometimes agrees with other ways (ethics, ecology), sometimes not The insights it offers are centered around human life, fully anthropocentric in nature This still allows a wide range of possibilities (e.g. consider existence value)
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Example from yesterday “A proposed road through the Serengeti National Park will disrupt migratory patterns of wildebeests.” -CNN
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Econ 01 - Econ 131: Economics of the Environment UC San...

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