ECON425 ENVIRONMENTAL ECONOMICS
| Course Code: | 3110425 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Assoc.Prof.Dr. SERAP AŞIK |
| Offered Semester: | Fall Semesters. |
Course Objectives
At the end of this course, the student will learn:
- basic concepts used in environmental economics, natural resource economics, ecological economics and Marxian economics
- basic models of natural resource use over time
- global environmental problems and specifically climate change
Course Content
The effects of economic activity on the natural environment with special reference to urban development forms the central subject matter of the course. Consideration is given to economic analysis of the causes of pollution and its control through taxes, the use of property rights and standards.
Course Learning Outcomes
Student, who passed the course satisfactorily will be able to:
- identify the differences between neoclassical, ecological and Marxian economic theories in terms of their perception about the relationship between environment and economy
- solve nonrenewable and renewable resource allocation problems
- identify the policies to be developed as a response to basic natural resource depletion and environmental pollution problems