Economics of Sustainable Development
Credits
2
The goal of this course is to better understand the issues of sustainability in a series of different contexts. These contexts include common property problems, such as natural resource depletion, energy, carbon emissions, the industrialization of food production and supply chain issues (e.g., sustainability and safety). Within each context, we examine the underlying market failures that lead to sub-optimal social outcomes along with commonly employed economic solutions to these problems. We will study cases from numerous settings, but we will spend more time on market failures that contribute to environmental problems.