"Environmental economics is a sub-field of economics concerned with environmental issues."
The study of how economic activity impacts the environment and the policies that can mitigate these impacts.
Introduction to Environmental Economics: Overview of the field of environmental economics, basic concepts and definitions.
Market Failure and the Environment: Discussion of how market failures can cause environmental problems and the need for government intervention.
Types of Goods: Classification of goods based on excludability and rivalry, and their implication for environmental protection.
Externalities and the Environment: Study of externalities (positive and negative) and their impact on the environment, methods for internalizing externalities.
Public Goods and the Environment: Explanation of public goods and how they relate to environmental protection, challenges in providing public goods.
Valuation of Environmental Goods and Services: Methods and techniques for assessing the economic value of the environment, including contingent valuation, travel cost method, and hedonic pricing.
Cost-Benefit Analysis: Application of cost-benefit analysis to environmental policy, including the calculation of net present value and sensitivity analysis.
Property Rights and the Environment: Discussion of property rights and their role in environmental protection, including analysis of common property resources and the tragedy of the commons.
Environmental Regulation: Overview of different types of environmental regulation and their effectiveness, including regulation through taxes and subsidies, cap and trade schemes, and command and control.
International Environmental Issues: Discussion of global environmental problems and international agreements to address them, including the Kyoto Protocol and Paris Agreement.
"It has become a widely studied subject due to growing environmental concerns in the twenty-first century."
"Theoretical or empirical studies of the economic effects of national or local environmental policies around the world."
"Particular issues include the costs and benefits of alternative environmental policies to deal with air pollution, water quality, toxic substances, solid waste, and global warming."
"Environmental economics is distinguished from ecological economics in that ecological economics emphasizes the economy as a subsystem of the ecosystem with its focus upon preserving natural capital."
"Ecological economists emphasizing 'strong' sustainability and rejecting the proposition that human-made ('physical') capital can substitute for natural capital."
"One survey of German economists found that ecological and environmental economics are different schools of economic thought."
"Ecological economics emphasizes the economy as a subsystem of the ecosystem."
"The focus [of ecological economics] is upon preserving natural capital."
"Ecological economists reject the proposition that human-made ('physical') capital can substitute for natural capital."
"...to deal with air pollution, water quality, toxic substances, solid waste, and global warming."
"Environmental policies have economic effects in national or local contexts around the world."
"Growing environmental concerns in the twenty-first century."
"Particular issues include the costs and benefits of alternative environmental policies."
"Dealing with air pollution, water quality, toxic substances, solid waste, and global warming."
"Ecological economics emphasizes the economy as a subsystem of the ecosystem."
"Preserving natural capital."
"Ecological and environmental economics are different schools of economic thought."
"Rejecting the proposition that human-made ('physical') capital can substitute for natural capital."
"Concerns regarding environmental issues."