CEV 432E - Environmental Economics

Course Objectives

Course objectives are as followed:
1. to be able to apply the principles of engineering economics to real problems,
2. to comprehend the fundamentals of environmental economics and to be able to use it in real life,
3. to understand the relation between economy and sustainability.

Course Description

General Economic Concepts, Production Functions, Consumer Behaviors, Benefits/Cost Concepts, Cost Accounting, Pareto’s Optimum, Simple/Compound Interest, Mathematics of Finance, Nominal and Effective Interest Rate, Environmental Benefit Analysis, Comparison of Investment Alternatives, Selection of the Optimum Project, Time Value of Money and Inflation, Break-even Point, Replacement Analysis, Calculation of Treatment Cost, Economical Analysis of Environmental Quality, Environmental Policy and Analysis, Other Economical Tools in Environmental Management, Sustainable Development, Polluter Pays Principles, Analysis of Environmental Tariffs, Affordability Analysis.