Announcements

  1. Course page is online. (Mar. 14)
  2. Assignment groups, topics and guideline posted. (Mar.29)
  3. Fuat Can Ozturk report to the instructor regarding to the grouping for the assignment. (Mar. 29)
  4. Midterm Exam: April 12 (Tue) 9:00 - 10:30, at D12. Coverage:CH4, 5, 15. Bring a calculator.
  5. April 20th Lecture Note posted. (Apr.20)
  6. Midterm Exam Result posted. (Apr.27)
  7. April 27th Lecture Note posted. (Apr.27)
  8. May 11th Lecture Note on Evaluation posted. (May 22)
  9. Final Exam: June 2, 11:00-12:45 at D9. Coverage: 1. pollution control (three methods) 2. topics covered after the midterm exam (air pollution, water pollution, cost-benefit analysis, environmental evaluation methods). Bring a calculator.

Personnel

Instructor: Shihomi Ara-Aksoy
(Email: )

Course Information

Schedule: Wednesdays 13:00-15:45, DZ15
Office hours:
By Appointment

Course description:

This course provides an introduction to environmental and natural resource economics and policy. Lectures are designed to provide insights into the economic aspects and a  theoretical foundation of a wide range of environmental issues including air and water pollution and climate change. The basic concept of cost-benefit analysis and environmental evaluation are also discussed.


Course objective By the end of this course, students are expected to develop a capacity to   evaluate the environmental/natural resources problem at hand, analyze the possible instruments, and assess the impacts of the chosen instrument.

Prerequisites:

Fundamental Microeconomics knowledge

Texts

Course Syllabus

Lecture Schedule

Chapters

Contents

Week 1

(Feb 23) 

Topics:
  • Introduction

Week 2

(Mar. 2)

Topics:
  • Property Rights, Externalities, and Environmental Problems
Readings:
  • T.L. Ch. 4

Week 3

 

(Mar. 9)

Topics:
  • Dynamic Efficiency and Sustainable Development
Readings:
  • T.L. Ch.5

Week 4

(Mar.16)

Topics:
  • Economics of Pollution Control
Readings:
  • T.L. Ch.15

Week 5

(Mar. 23)

Topics:
  • Economics of Pollution Control
Readings:
  • T.L. 15
  •                     

Week 6

(Mar 30)

Topics:
  • Economics of Pollution Control
Readings:
  • T.L. 15

Week 7

[pdf] 

(Apr. 6)

Topics:
  • Air-Pollution
Readings:
  • T.L. Ch.16, 17

Week 8

(Apr. 13)

Midterm Exam

Week 9

[pdf]

(Apr. 20)

Topics:
  • Water Pollution
Readings:
  • T.L. Ch.19

Week 10

(Apr.27)

Topics:
  • Cost Benefit Analysis
Readings:

 

Week 11

(May 4)

Topics:
  • Valuing the Environment: Concepts
Readings:
  • T.L. Ch.2

Week 12

[pdf

(May 11)

Topics:
  • Valuing the Environment: Methods
Readings:
  • T.L. Ch.3

Week 13

(May 18)

Topics:
  • Energy: The Transition from Depletable to Renewable Resources
Readings:
  • T.L. Ch.8

Week 14

(May 25)

Topics:
  • Common-Pool Resources: Fisheries and Other Commercially Valuable Species
Readings:
  • T.L. Ch.14

Exams

Grading Policy

Midterm Exam    30%
Final Exam    40%
Attendance    10%
Assignment    20%

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