ECON 386(S) Environmental Policy and Natural Resource Management (Same as Economics 515 and Environmental Studies 386)

This course considers environmental protection and natural resource management as an element of development policy and planning. Economic concepts are applied to environmental and natural resource problems as they relate to developing countries. Questions to be covered include the following: How do institutions affect patterns of resource use? What is the relationship between economic growth and demand for environmental quality? How does trade affect environmental quality and resource exploitation? What are the tradeoffs between efficiency and equity when it comes to environmental protection and natural resource management? What are strategies for measuring and implementing sustainable development? Course subject matter consists of a combination of analytical models and country-specific studies. Format: lecture/discussion. Requirements: written problem sets, research paper, midterm and final exam. Prerequisites: Economics 251.