This course examines economic issues in the consumption, allocation, and management of environmental resources. Students will learn the economic principles behind the management of the environment. In particular, we will apply the economic way of thinking to environmental issues in order to identify ways to improve upon market outcomes and to create effective mechanisms to regulate economic activity to better balance economic and environmental goals. This course will explore the theories, methodologies, and application of environmental economics to real‐world environmental issues (with special attention to issues in countries on the Semester at Sea S2017 itinerary). The course includes critical discussions of some of the more controversial issues in environmental economics: environmental valuation, international environmental conflict, and regulation.
This class is also offered as AREC 240, through the CSU Department of Agriculture and Resource Economics.
Field WorkCountry: Hawaii, United States
Date: January 12, 2017
Visit State of Hawaii Office of Environmental Quality Control and US EPA related sites and hear a speaker at the University of Hawaii or East-West Center, observe environmental issues, and dialogue with experts and practitioners in the field of environmental economics.
1. Students will learn about the work of the US EPA and Hawaii’s Office of Environmental Quality Control with respect to environmental issues and the extent to which economic costs and benefits are considered in policy and other decision making.
2. Students will visit local sites of environmental concern.
3. Students will hear from economic researchers at the University of Hawaii and/or the East-West Center about current economic research on a variety of environmental topics. In particular, students will learn about environmental economic research drawing upon data and experiences from upcoming ports in Asia.