Environmental and Natural Resource Economics - ECN 434

This course develops an in-depth understanding of environmental and resource economics. The course covers topics in environmental, resource, and ecological economics, with a focus on the sustainability of human-economic activities and their impact on the natural environment and economic valuation of environmental issues and development policies. The course covers both traditional neoclassical economic models and recent extensions in the areas of behavioral and ecological economics. The focus will be on international issues with important environmental implications that have become prominent on the environmental policy agenda recently; particularly biodiversity loss and climate change. Besides examining global environmental issues, the course links global environmental problems with that of Lebanon’s environmental situation. Prerequisites: ECN 211, ECN 212.