| University of California, San Diego
| Fall Quarter 2008
|
| Department of Economics
| Professor T. Groves
|
Economics 131: Environmental Economics
Syllabus and Reading List
Course Overview
This course is an introduction to an economics perspective of environmental systems and their problems, with special attention to the
use, misuse, and overuse of natural and environmental resources.
The first part of the course will develop appropriate economic concepts, models, and tools for analyzing environmental and natural
resource issues and problems. The second part of the course will discuss the efficient use of depletable and renewable natural
resources such as oil, gas, land, water, forests, and fisheries. The third part of the course will explore the particular problems
arising from the use of environmental resources such as the air, rivers, lakes, and the oceans as repositories for pollution.
Throughout the course we will consider the separate and complementary roles of markets and governments in allocating and
regulating the use of environmental and natural resources.
Lectures and Class Room
The course lectures during the Fall Quarter will be Tuesdays and Thursdays, from 2:00 - 3:20 a.m., in Pepper Canyon Hall 106. In addition, weekly
sections will be held at times and places to be announced.
TA's, Sections, and Office Hours
There are xxx T.A.'s for the course: Mr. Ben Gilbert and Mr. xxxx xxxxx. They will hold sections and
office hours at times to be announced. The sections will be used to go over pre-requisite economics material,
questions arising from the lectures, and, especially exam-type questions that will be posed from time to time
during the lectures or posted on the UCSD WebCT class website.
All instructors' office hours will be posted on the class website. Please take advantage of office
hours and also use e-mail to contact any instructor at other times or if you need to make an appointment.
Please use WebCT for all course-related e-mail. E-mail sent to other addresses (e.g. my official UCSD account) may not receive
a timely response. You must be logged into WebCT to send e-mail to WebCT mailboxes.
Exams and Grading
Your grade for this course will depend on a Mid-Term Exam (35%) to be given on WEDNESDAY, October 27, from 5:00 - 6:20 pm
and a Final Exam (65%) to be given on THURSDAY, December 11 from 3:00 - 6:00 p.m. The exams will consist of questions
similar (but not identical) to the exam-type problems mentioned above.
Textbook and other Readings
The textbook for this course is Tom Tietenberg & Lynne Lewis, Environmental and Natural Resource Economics
Eighth Edition, Boston:Pearson Addison Wesley, 2009.
This textbook is extremely comprehensive and exhaustive (maybe even exhausting!). The course lectures
will help you navigate the readings. While not all chapters will be assigned, even those chapters that are assigned contain
vast amounts of information, not all of which will be emphasized equally. Regular attendance of lectures will make it easier
for you to read the assigned chapters more efficiently.
In addition to the textbook various other readings will also be assigned. Where available in electronic form they will be made available
through the course WebCT site (for copyright reasons).
Course Outline and Reading Assignments
Introduction: Environmental Challenges and the Role of Economics (1 lecture: September 25)
Readings:
Environmental and Natural Resource Economics , Chapter 1.
Part I. Economic Concepts, Models, and Tools (3 weeks: September 30 - October 16)
1. Concepts of Valuing the Environment
Readings:
Environmental and Natural Resource Economics, Chapter 2.
2. Methods of Valuing the Environment
Readings:
Environmental and Natural Resource Economics, Chapter 3.
3. Property Rights, Externalities, and Efficiency
Readings:
Environmental and Natural Resource Economics, Chapter 4.
4. Dynamic Efficiency and Sustainable Development
Readings:
Environmental and Natural Resource Economics, Chapter 5.
WEDNESDAY, October 29th, MIDTERM EXAM 5:00 - 6:20 PM (in classroom - Pepper Canyon Hall 106)
Part II. Depletable and Renewable Resources (3 weeks: October 21 - November 6)
5. Allocating Depletable and Renewable Resources: An Overview
Readings:
Environmental and Natural Resource Economics, Chapter 7.
6. Depletable, Non-Recyclable Resources: Oil, Gas, etc.
Readings:
Environmental and Natural Resource Economics, Chapter 8.
7. Replenishable, but Depletable Resources: Water
Readings:
Environmental and Natural Resource Economics, Chapter 10.
8. Storable, Renewable Resources: Forests
Readings:
Environmental and Natural Resource Economics, Chapter 13.
9. Renewable Common Property Resources: Fisheries
Readings:
Environmental and Natural Resource Economics, Chapter 14.
10. Land and Agriculture
Readings:
Environmental and Natural Resource Economics, Chapters 11 & 12.
Part III. Pollution Control, Global Warming, and Toxics (3 weeks: November 11 - December 4)
11. Overview
Readings:
Environmental and Natural Resource Economics, Chapter 15.
12. Stationary Source Pollution: Power Plants
Readings:
Environmental and Natural Resource Economics, Chapter 16.
13. Regional and Global Pollution: Global Warming
Readings:
Environmental and Natural Resource Economics, Chapter 17.
14. Mobile Source Pollution: Cars
Readings:
Environmental and Natural Resource Economics, Chapter 18.
15. Water Pollution
Readings:
Environmental and Natural Resource Economics, Chapter 19.
16. Toxic Waste Pollution
Readings:
Environmental and Natural Resource Economics, Chapter 20.
THURSDAY, December 11th FINAL EXAM 3:00 - 6:00 PM