Readings for Economics 480

Environmental Economics
Spring 2007

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Course Outline and Readings:

PDF copies of required articles will be put on class web page.
Go to Econ Department, click on Undergraduates. Find course web pages.

*Indicates optional readings.

Call No for Environmental Economics at Library: HC-79 and GE-180.
Students can download journals from J. Storr. Go to Fondren, click on to collections and go to Journal indexes and databases. Click on to Journal. You can also go to journals online. Another valuable site is National Bureau of Economic Research, NBER.org. Go to work paper series.

  1. Introduction and Course Overview.
  • K 1, 2, 3
    C 1
    S* 1, 2 (Fullerton-Stavins), Hardin
  1. Economic Efficiency and Marker Failure, Common Property, Resources.
  • K 3, pp. 33-41, 4, 5
    C 1,2
    D* 5 (Dorfman)
  1. Property Rights, The Internalization of Externalities by Bargaining and Legal Solutions.
  • K 6
    D* 7 (Coase)
    S* 3 (Coase)
  1. The Regulation of Pollution (Command and Control)
  • K 8
    C 4
  1. Emission Fees and Permits. The Double Dividend Controversy.
  • K 7, 9
    C 5
    S 17
  1. Regulation with Unknown Control Costs.
  • K 10
  1. Assessing Benefits and Costs for Environmental Decision Making.
  • C 7, 8, 9
    K 15, 16, 17, 18 (selections from)
  1. Regulating Air Pollution in the U.S.
  • C 10, 11, 12
    S 19, 20, 21, Sandel, Schumalensee et. al., Stavins
    Kahn The Greening of the Vehicle Fleet
    T* 16, 17, 18
    S* 27, 28
  1. Regulating Water Pollution in the U.S.
  • C 14, 15, 16
    T* 19
  1. Dealing with Environmental Risk.
  • K 10
    C 6
    Breyer* Sections to be assigned
    Sunstein Sections to be assigned
  1. Regulating Solid Wastes and Toxic Substances.
  • C 17, 18, 19
    T* 20
    Myrick Freeman “Environmental Policy Since Earth Day I. What Have We Gained”
  1. International and Interregional Competition and the Environment.
  • K 13
    Brian Copeland and Scott Taylor “Trade Growth and the Environment” Journal of Economic Literature, March 2004.
  1. The Relationship between Growth and the Environment
  • Susmita Dasgupta “Confronting the Environmental Kuznets Curve
    C 20, 21
    Gene Grossman “Environmental Impacts of North American Free Trade Agreement”
  1. Limits to Growth. Sustainable Development.
  • K 14
    Nordhaus Lethal Model 2, “The Limits to Growth Revisited”
    T* 5, 14, 22, 23, 24
    S 5 (Solow) or D 11 (Solow)
  1. Global Warming
  • Nordhaus Warming the World, sections to be assigned
    S 22, 23, 24
    C 13
    Chakravorty “Energy Resources & Global Warming”
  1. Biodiversity
  • S 25, 26
  1. Environmental Demand Theory
  • K 15, 16, 17, 18
    D 21
    S* 9, 10, 11, 12, 13, 15
  1. The Economics of Fisheries.
  • H-O, 4, 5