Spring 2025

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 — 1/13/2025 — What is Environmental Economics?

Tools of Economic Analysis

Lecture #2 — 1/15/2025 — Market Failures
Lecture #3 — 1/22/2025 — Modeling Pollution

Government Intervention in Environmental Policy

Lecture #4 — 1/27/2025 — The Coase Theorem

solution to MAC with MD example

Lecture #5 — 1/29/2025 — Command and Control Policies
Lecture #6 — 2/3/2025 — Taxes & Subsidies
Lecture #7 — 2/5/2025 — Emission Fees
Lecture #8 — 2/10/2025 — Transferable Discharge Permits

Permit Trading example spreadsheet

Lecture #9 — 2/12/2025 — Permit Trading Examples

Permit trading slides from class

Lecture #10 — 2/17/2025 — Policy Instrument Choice: Theory
Lecture #11 — 2/19/2025 — Policy Instrument Choice: Water

Valuing Environmental Benefits and Costs

Lecture #15 — 3/5/2025 — Valuing Environmental Benefits: Revealed Preference Approaches
Lecture #16 — 3/17/2025 — Valuing Environmental Benefits: Stated Preference Approaches