ECON 250 Economics of Sustainability • 5 Cr.
Study issues of environmental, resource and sustainable economics using basic economic principles. Topics include: economics of renewable resources, full-cost accounting, natural capital and social capital, international environmental trade and regulation, and ecological economics. Explore how sustainability economics can be integrated in corporate financial analysis and inform decision-making at all levels. Recommended: 30 prior college credits.
After completing this class, students should be able to:
- Present the key concepts and elements of sustainability economics and how it differs from "traditional" economic models sustainability economics.
- Present the history and evolution of sustainability, green and ecological economics concepts.
- Explain how industries and markets interact with the environment in term of economic impact.
- Discuss policy and economic issues in terms of extracting, pricing and consuming resources, as well as disposing of waste.
- Using case studies, select tools and develop and analyze metrics for ecological, business and social economic risks and benefits.
- Apply sustainability economic concepts to evaluate various business and public policy strategies.
- Using sound economic principles, develop a business case for integrating sustainability economics principles and metrics in corporate financial analysis.
- Develop a proposal with supporting documentation to make a presentation to corporate managers and inform decision-making.