MEC 494 - Business and the Environment

Institution:

Washington University in St Louis

Subject:

Description:

Examines the relationship between environmental economics and environmental policy and raises more general questions about the political economy of regulation. Focus on air pollution, water pollution, hazardous waste, biodiversity, and global climate change. Critical examination of two prescriptions that economies usually endorse: (1) balancing benefits against costs (e.g., benefit-cost analysis) and using risk analysis in evaluating policy alternatives; (2) using market incentives (e.g., prices, taxes, or charges) or property rights instead of tradition command and control regulators to implement environmental policy. Prerequisite: MEC 290 or Econ 103B. Same as Econ 451

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.wustl.edu

Phone Number:

(314) 935-5000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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