The course focuses on the economics of public policy toward natural resources and the environment, with a special emphasis on problems of market failure. These include externalities, public goods, non-market goods, uncertainty, income distribution, and policies to correct for imperfect markets. The course also focuses on applying the theoretical and empirical tools in analyzing major environmental problems.
The course explores the principles underlying consumer demand and the theory of the ﬁrm, and applies supply and demand curves to the analysis of competitive markets. The course also examines a broad range of markets and explains how the pricing, investment, and output decisions of ﬁrms depend on market structure and the behavior of competitors. The course ends with an overview on the effects of production and consumption activities not directly reﬂected in the market.
Introduction to basic mathematical methods required for a proper understanding of the current economic literature, including equilibrium analysis, comparative statics and optimization problems. Topics include: linear models and matrix algebra, differential and integral calculus.
Designed for students in the social science and business related fields of study. Introduction to basic statistical methods used to collect, summarize, and analyze numerical data. Emphasis on application to decision making; examples from the social sciences and business. Topics include: common statistical notation, elementary probability theory, sampling, descriptive statistics, statistical estimation and hypothesis testing.