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Course Description

This course examines the implications of economic growth on the quality of the environment employing the basic principles of economic analysis.

Note: This course may be taken individually or as a part of a certificate program.

Learning Outcomes

By the end of the course, the learner should be able to:

  • Analyze a wide range of pollution issues, such as, recycling, water pollution, air pollution and climate change
  • Examine pollution control policies using the marginal environmental damage function and marginal abatement cost function
  • Compare and contrast market function in perfect competition and markets for clean air and water
  • Examine both successful and unsuccessful regulatory prescriptions to limit pollution on a global scale

Course Topics

  • Economic Growth and the Environment
  • Explaining the Data: the PPB Model
  • Optimal Pollution: analytical tools; market interpretation; applications
  • Basic Policy Analysis
  • Benefit-Cost Analysis
  • Legal and Regulatory Instruments
  • Economic Instruments (permits and taxes)
  • Trends in Resource Stocks and Food Production
  • The Economics of Sustainable Development
  • Biodiversity

Additional Requirements

Prerequisite(s): ECON*1050 or FARE*1040

Assessment

Assignment

Weight %

Assignment 1

10

Assignment 2

15

Assignment 3

15

Participation

10

On Campus Final Exam

50


Note that you must receive at least 50% on the final exam to pass this course. Your term work will only be included in calculating your final grade if you pass the final exam. If you receive less than 50% on the final exam, your final grade will be your final exam percentage.

Applies Towards the Following Certificates

*Course details are subject to change.

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