Economics and the Environment
The course will examine the intersection of economics and environmental law and policy in both the domestic and international contexts. The course will examine the application of economic theory to causes of and solutions to environmental issues. The course will begin with a review of theories of scarcity, market failure and externalities in the environmental context, followed by discussion of how the environment is or might be valued in an economic sense. The class will then explore the economics of environmental regulation and focus on regulation and deregulation in the electricity sector. The course will next explore renewable energy and sustainability from an economic perspective. The final sessions of the class will be devoted to the application of market mechanisms to environmental problems and an exploration of the economics of climate change and proposed solutions. Evaluation: Research paper and class participation Teaching Method: Some lecture and discussion Pre-requisites: There are no formal pre-requisites to this course, but a background in environmental law or previous or concurrent enrollment in one of the following courses is strongly recommended: Environmental Law, Natural Resources Law, International Environmental Law, or Climate Change Seminar.
Catalog Number: LAWSTUDY 693
Practice Areas: Environmental Law Area, Law and Social Science
Additional Course Information: 1 Draft degree req may be met with class, 3 draft degree req may be met with class, Consult Professor about writing requirements