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Peter J Wilcoxen ECN 437 Environmental and Resource Economics

Peter J Wilcoxen ECN 437 Environmental and Resource Economics

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Peter J Wilcoxen ECN 437 Environmental and Resource Economics Course Outline Fundamental Concepts Key Characteristics of Environmental Problems Externalities Common Property Evaluating Economic Outcomes Individual Demand, Willingness to Pay and Marginal Benefits [ web ] Individual Supply, Willingness to Accept and Marginal Costs [ web ] Market Demand, Supply and Equilibrium Consumer Surplus [ web ] Producer Surplus [ web ] Gains from Trade and Social Surplus Pareto Efficiency [ web ] Deadweight Loss  Distributional and Equity Considerations Present Value [ web ] Decision Trees Expected Value [ web ] Externalities, Pollution Control and Environmental Policy Single Source Marginal Social Surplus, MSS [ web ] Marginal Social Cost, MSC Negotiation and Coase Strict Liability Pigouvian Taxes Quotas or Permits Disposal Externalities and Recycling
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