Spring 2020  |  PA 5722 Section 001: Economics of Natural Resource and Environmental Policy (57623)

Class Component:
3 Credits
Grading Basis:
Student Option
Instructor Consent:
No Special Consent Required
Instruction Mode:
In Person Term Based
Times and Locations:
Regular Academic Session
01/21/2020 - 05/04/2020
Mon, Wed 02:30PM - 03:45PM
UMTC, West Bank
Hubert H Humphrey Center 35
Enrollment Status:
Open (22 of 30 seats filled)
Also Offered:
Course Catalog Description:
Public policy associated with natural resource use and environmental protection. Develops/applies economic concepts/methodologies/policy mechanisms. Principles of environmental/resource economics. Issues related to renewable/nonrenewable resources and environmental pollution. Focuses on scientific/political aspects of policy. prereq: [Intermediate microeconomics, intermediate policy analysis, grad student] or instr consent
Class Notes:
MPP requires 3 or more credits from 5022, 5431, 5503, 5521, 5722, or 5805. http://classinfo.umn.edu/?keeler+PA5722+Spring2020
Class Description:
This course will introduce students to core concepts in economics that underlie policy and decision-making related to environmental policy, conservation, and natural resource management. These include cost-benefit assessment, valuation of non-market goods and services, the role of the market and the state in addressing externalities, and decision tools commonly used in negotiating the tradeoffs that are inevitable in managing scarce resources. The course will explore and debate real-world applications of economic principles, as well as critiques of key assumptions in economic models and frontiers in behavioral economics, ecological economics, and issues of power, justice, and equity.
Who Should Take This Class?:
The course is open to any student, regardless of previous experience in economics, although some familiarity with microeconomic principles or methods is recommended. The course will focus on key concepts and applications of economic theory to environmental policy and management and will not substitute for quantitative methods courses in economics offered in other departments.
student choice
Past Syllabi:
http://classinfo.umn.edu/syllabi/keel0041_PA5722_Fall2021.docx (Fall 2021)
http://classinfo.umn.edu/syllabi/keel0041_PA5722_Fall2020.pdf (Fall 2020)
Instructor Supplied Information Last Updated:
26 November 2018

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