Course Information

Course Name	Turkish	Çevre Ekonomisi
	English	Environmental Economics
Course Code	ECN 412E	Credit	Lecture (hour/week)	Recitation (hour/week)	Laboratory (hour/week)
Semester	-	3	3	-	-
Course Language		English
Course Coordinator		Chrıstopher Mıchael Hannum Chrıstopher Mıchael Hannum
Course Objectives		1-) To provide in the light of Coase theorem a thorough understanding of property rights, public goods, and how market-based solutions can mitigate environmental problems. 2-) To introduce demand and preference estimation techniques as applied to environmental goods. 3-) To study contemporary environmental policy issues. 4-) To introduce basic policy and investment evaluation techniques.
Course Description		The course starts with introducing the problem of social cost in relation to property rights and externalities. Thus, it relates the concept to fundamental welfare theorems of economics and market failures. The course continues with analysis and quantification of preferences towards environmental goods. Then, the course introduces various environmental policies and theoretical and empirical assessment methods, including cost-benefit analysis.
Course Outcomes		1-) Competency in making economic natural resource utilization decisions taking into account concerns for sustainability. 2-) Ability to identify environmental problems and present economic solutions to it. 3-) Skill to quantify demand for environmental goods using methods such as hedonic pricing and contingent valuation. 4-) Ability to assess environmental policy proposals using cost-benefit analysis techniques. 5-) Ability to develop environmental policies
Pre-requisite(s)
Required Facilities
Other
Textbook		Natural Resource and Environmental Economics (3rd Edition) 3rd Edition, by Roger Perman,? Yue Ma,? Michael Common,? David Maddison &? James Mcgilvray
Other References		Collapse (Çöküş), by Jared Diamond (2) Stern Review: The Economics of Climate Change, by Nicholas Stern et al. (3) The Flooded Earth, by Peter D. Ward (4)

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