Econ 1021 Gbc

COURSE NAME: | ENVIRONMENTAL ECONOMICS |

COURSE CODE: | ECON1021 |

PROFESSOR: | Mirko Lakoseljac |

PHONE: | 416-415-5000 x 6252  EMAIL: mlakosel@georgebrown.ca  OFFICE: SJC 125 |

LIST OF TEXTBOOKS AND OTHER TEACHING AIDS

Field, Barry and Nancy Olewiler. Environmental Economics. Updated 3rd Canadian Edition. McGraw-Hill Ryerson, 2012 ISBN-13: 9780070989986. ISBN-10: 0070989982

EVALUATION SYSTEM

Assessment Tool: | Description: | Outcome(s) assessed: | Date / Week: | % of Final Grade: |

Test 1 | Based on Chs 1-4 | 1 to 3 | Week 5 | 25% |

Test 2 | Based on Chs 5-10 | 2 to 5 | Week 10 | 25% |

Group Assignment 1 | Based on Chs 1-4 | 1-5 | Week 10 | 10% |

Group Assignment/ Presentation/case study | Based on Chs 9-15 | 5-9 | Week 14 | 10% |

Final | Based on 9-19 | 3-9 | Week 15 | 30% |

| | | TOTAL: | 100% |

TOPICAL OUTLINE

Week | Topic | Outcome(s) (x)* | Content | Chapter/Reference |

1 | What is Environmental Economics? | Explain the economic approach to environmental issues; define economic concepts like externalities, benefit -cost analysis and sustainability.   (1) | The Economic approach-how incentives work; Externalities, property rights and Benefit-Cost analysis; Sustainability of our environment and economy | Ch 1 |

2 | Linkages between the Economy and the Environment | Explain the concepts of renewable and non-renewable resources; discuss the fundamental balance phenomenon; define common terms related to environment; explain certain indicators of environmental  quality in the  Canadian context   (2) | Natural Resource Economics; The Fundamental Balance; Types of Pollutants; Pollutants in Canada | Ch 2 |

3 | Benefits and Costs, Supply and Demand | Explain willingness to pay principal and relate it to the concept of demand; explain the relationship between marginal cost and supply curve; and discuss why marginal values are important in economic analysis. (3 and 4) | Willingness to pay, demand; cost and cost curves, aggregate...