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F&ES 505 01 (23883)  
Economics of the Environment
Robert Mendelsohn
MW 1.00-2.20 KRN 301
Spring 2014 
 
3 credits. This course provides students with in-depth training using economic analysis to address environmental policies and management. Students are exposed to tools that allow them to assess the efficiency of different environmental policies and management strategies. The course examines when markets manage the environment efficiently and when they fail. It covers a range of topics including preventing pollution, managing renewable resources, and consuming nonrenewable resources. It stresses the importance of science and values in making efficient choices.
The course is a prerequisite for all advanced economics courses and provides knowledge that is fundamental to success in F&ES courses on resource management.