Sustainable Development Goals
Abstract/Objectives
This course is intended to serve as an introduction to the concepts and theories used in the economic analysis of environmental problems. The course covers topics such as public goods, externality, market failure and valuation of environmental goods. Environmental policy tools designed to correct market failure problems are also explored. This course will familiarize students an ability to think about pressing environmental issues and prepare them for analyzing possible solutions in terms of choices, tradeoffs, and scarcity.
Results/Contributions
After the training in this course, students will have a deeper understanding of the regional and global environmental problems we face today and realize how these problems may arise from the perspective of economics. They also can analyze possible welfare impacts of individuals and the total society when different policies such as command and control regulation and incentive-based mechanism are imposed. In addition, students will be able to use economic methodology such as the Travel Cost Method, the Hedonic Price Method and the Contingent Valuation Method to perform a simple Cost-Benefit Analysis.
Keywords
Public GoodsMarket FailureProperty rightCoase TheoremTaxSubsidyTradable PermitPublic GoodsMarket FailureExternalityCommand and Control StrategiesIncentive-Based StrategiesCost Benefit Analysis
Contact Information
廖肇寧
cn_liao@hotmail.com