PAI 777 Lectures

Spring 2026


    As the semester progresses, a link to each lecture will be added to this page.  The link will include a summary of the main points from that day’s lecture.

Introduction

Lecture #1 — 1/12/2026 — What is Environmental Economics?


Tools of Economic Analysis

Lecture #2 — 1/14/2026 — Market Failures
Lecture #3 — 1/21/2026 — Modeling Pollution

MAC spreadsheet


Government Intervention in Environmental Policy

Lecture #4 — 1/26/2026 — The Coase Theorem

solution to MAC with MD example

Lecture #5 — 1/28/2026 — Command and Control Policies
Lecture #6 — 2/2/2026 — Taxes & Subsidies
Lecture #7 — 2/4/2026 — Emission Fees
Lecture #8 — 2/9/2026 — Transferable Discharge Permits

Permit Trading example spreadsheet

Lecture #9 — 2/11/2026 — Permit Trading Examples

Permit trading slides for class

Lecture #10 — 2/16/2026 — Policy Instrument Choice: Theory
Lecture #11 — 2/18/2026 — Policy Instrument Choice: Water

Water policy slides

Lecture #12 — 2/23/2026 — Environmental Federalism
Lecture #13 — 2/25/2026 — Behavioral Economics and Energy Efficiency
Lecture #14 — 3/2/2026 — Behavioral Economics and Energy Efficiency/Distributional Effects of Environmental Policy
Lecture #15 — 3/4/2026 — Distributional Effects of Environmental Policy


Valuing Environmental Benefits and Costs

Lecture #16 — 3/16/2026 — Valuing Environmental Benefits: Revealed Preference Approaches
Lecture #17 — 3/18/2026 — Valuing Environmental Benefits: Stated Preference Approaches
Lecture #18 — 3/23/2026 — Estimating Benefits & Costs of Environmental Policy
Lecture #19 — 3/25/2026 — Benefit-Cost Analysis

Discounting example

Lecture #20 — 3/30/2026 — Benefit-Cost Analysis


Energy Resources

Lecture #21 — 4/1/2026 — Energy Resources

Energy pricing slides

Energy pricing worksheet

Lecture #22 — 4/6/2026 — Electricity Markets

Electricity Markets slides

Lecture #23 — 4/8/2026 — Energy Technology Policy

Energy Technology Policy slides


The Environment in Developing and Emerging Countries

Lecture #24 — 4/13/2026 — Growth and the Environment

Lecture #25 — 4/15/2026 — Environmental Issues in Developing and Emerging Economies