Course Information

Course Name	Turkish	Çevre Ekonomisi
	English	Environmental Economics
Course Code	CEV 432	Credit	Lecture (hour/week)	Recitation (hour/week)	Laboratory (hour/week)
Semester	2	2	2	-	-
Course Language		English
Course Coordinator		Hüseyin Erdem Görgün
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 economical concepts; production functions; consumer behavior; indifference curves; supply-demand curve; elasticity; rant; social welfare; Pareto's optimum; externality concept; sustainable development. Finance mathematics; nominal and effective interest rate. Cost and its components. The measurement of benefit. Cost-benefit analysis. Treatment costs. Comparison of project alternatives and selection of the most economic project. Economical analysis of environmental quality. Human, market and environment. private and social cost. Economic instruments in environmental protection. The polluter/user pays principles and applications.
Course Outcomes
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Required Facilities
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Textbook
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