Sustainable Economics

Discipline: Semester at Sea Seminars
Instructor: Ellerbrock
Credits: 3
Day: null
Start: 09:25
End: 10:40
Field Work: Day 6 | Italy Download Syllabus

An applied examination of environmental problems on a regional, Mediterranean, and global scale. Economic principles are applied to market failure and environmental externalities, non-market valuation of natural resources, discounting and benefit/cost analysis, pollution policy formulation, Tragedy of the Commons and property rights regimes, endangered species protection, energy production and consumption linkages, and toxic and hazardous materials management. Potential solutions are explored that seek to integrate the natural, social and philosophical sciences in the formulation of effective public policies that engender sustainable development. The course curriculum will include directed field projects in the ports we visit, class discussions on reading materials from sustainability literature, as well as analysis and discussion of case studies.

Special Requirements:

Introductory economics.

Field Work

Country: Italy
Day: 6

In visiting Mustilli Vineyard in the wine area of Campania, students will study the industry's sustainability. In particular, students will observe and explore the Vineyard's use of human and natural resources, financial stability, environmental impact, marketing strategies, social problems/challenges, and global connections. To what extent does the Vineyard use organic inputs and/or Integrated Pest Management practices? What distinguishes Campania wine from Basilicata, Burgundy, Liguria, Marche, Tuscany, Umbria products?