ESP 162: Environmental Policy -- Syllabus
details Format note for 2022: After the first week of class
online, this will be a live, in-person course.
While some videos and other materials are provided
online, the course is not a hybrid. Students
are expected to attend lecture and lab and are responsible
for all content provided live in these
meetings. At times there will be participation
credit, which can be excused (see below) but cannot
be made up (since interacting live is the point
of the credited exercise). TAs and the instructor can
help students understand what was missed in live
meetings on an infrequent basis (e.g. due to illness)
but not on a repeated basis. Description: This course will take an economic approach to policy design and assessment. Most environmental policies involve establishing a goal (e.g. an allowable maximum daily load of pollution in a river) and a method to induce achievement of that goal (e.g. charges for industrial pollution emission). This course will introduce you to the means economists have developed to accomplish both of these steps as efficiently as possible. What is the “right” level of pollution or degradation to allow, if any? Which of many available economic policy tools is preferred under the given environmental and economic system? I will show you how to answer these questions, to evaluate environmental policy using an economic framework, with an awareness of both the power and limitations of the method. We will cover the relevant analytical tools of economics and explore applications to current policy problems such as climate change, water pollution and invasive species. 1. Textbook, referred to as "K&O": N. Keohane and S. Olmstead. Markets and the Environment, Island Press, Washington, D.C., 2nd Edition, 2016. The UCD library has an electronic version of the K&O textbook here. 2. Kennedy School case study, which can be purchased on-line (see course schedule). 3. Excerpts from other
texts and magazine and journal articles will be made
available online linked to the course website. 4. We will be use Excel for
various exercises. To download and install Microsoft
Office (including Excel) for free for UCD students if
you don't have it (or have a very old version) see these
instructions. Optional: Three chapters from a basic textbook (dry but detailed discussion of many of our basic models).
Your final grade will be based on: Participation (discussions, experiments, and case studies) 20%Homework (problem sets) 35% Midterm 20% Final exam 25% Homeworks will consist of problem sets to help you master the basic concepts. There will be approximately one homework assignment every 2 weeks, due on Canvas at a time specified in the assignment. Late homework will be accepted up to 24 hours but will have a grade penalty (10%). Homeworks submitted after 24 hours will not receive credit. Problem sets:
Lab absences and participation:
Use of course materials: My lectures and course materials, including PowerPoint presentations, tests, outlines, and similar materials, are protected by U.S. copyright law and by University policy. I am the exclusive owner of the copyright in those materials I create. You may take notes and make copies of course materials for your own use. You may also share those materials with another student who is enrolled in or auditing this course in this quarter. You may not reproduce, distribute or display (post/upload) lecture notes or recordings or course materials in any other way — whether or not a fee is charged — without my express prior written consent. You also may not provide the materials for someone else to do so. If you do so, you may be subject to student conduct proceedings under the UC Davis Code of Academic Conduct.
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