MBA 6720 - Business, Economics, and the Environment

Credits: (3)
Environmental economics considers the efficient and equitable use of society’s scarce environmental resources. Environmental resources include air, water, land, wildlife, biodiversity, and ecological systems. The allocation of environmental resources will be considered from different perspectives: (1) market allocations; (2) efficient allocations; (3) equitable allocations; and (4) government attempts to allocate these resources efficiently. Topics of the course include property rights, market failures, benefit-cost analysis, welfare economics, non-market valuation, environmental regulation, and sustainable development and business practices. Emphasis will be placed on the impacts on the firm resulting from environmental problems and regulations; and on sustainable business practices. Prerequisite: MBA 6040, MBA 6051 or equivalent.