Environmental Economics

Economics is usually described as the analysis of the rational development and use of scarce resources. Students learn the principles of efficient allocations of all resources regardless of how well markets ration this development and use. Examines the pervasiveness of market failures for environmental goods and the effectiveness of different techniques and policies attempting to correct these failures or to mitigate their negative consequences. Illustrating examples are chosen as much as possible from the experience of British Columbia and other regions of Canada.