By retaining a strong focus on policy and real-world issues, ENVIRONMENTAL ECONOMICS AND MANAGEMENT: THEORY,
POLICY AND APPLICATIONS, provides an applied, practical approach to environmental economic theory accessible to
students with either minimal or more advanced economic exposure. The text has a modular structure, which not only
organizes the presentation, but also provides a format that allows instructors flexibility and preference in designing
material for the course. The presentation does not compromise economic theoretical concepts, but it does complement
economic theory with timely, real-world applications. This text is intended to give undergraduate and MBA students
a clear perspective of the relationship between market activity and the environment. The text integrates the business
perspective in the development of environmental decision-making - a vantage point often overlooked in more conventional
treatments. The general approach uses economic analytical tools such as market models, benefit-cost analysis, and
risk analysis to assess environmental problems and to evaluate policy solutions.
Features
- Contemporary Boxed Applications: Integrated throughout the text, these applications show how theory is used
in real-world contexts.
- Contemporary Boxed Applications:
- Quantitative Environmental Economics Tools: Tools such as benefit-cost analysis and risk analysis give students
an opportunity to develop quantitative and analytical skills.
- Quantitative Environmental Economics Tools: Tools such as benefit-cost analysis and risk analysis give students
- Margin Definitions: Found in each chapter, these tools help students master the terminology and fundamental
concepts.
- Margin Definitions: Found in each
- Internet Links: Presented throughout the text, icons highlight Web-related resources for instructors and students
that offer updates and information beyond the text.
- Internet Links: Presented throughout
MODULE 1: MODELING ENVIRONMENTAL PROBLEMS.
1. The Role of Economics In Environmental Management.
2. Modeling the Market Process: A Review of The Basics.
3. Modeling Market Failure.
MODULE 2: MODELING SOLUTIONS TO ENVIRONMENTAL PROBLEMS.
4. Conventional Solutions to Environmental Problems: The Command-And-Control Approach.
5. Economic Solutions to Environmental Problems: The Market Approach.
MODULE 3: ANALYTICAL TOOLS FOR ENVIRONMENTAL PLANNING.
6. Environmental Risk Analysis.
7. Assessing Benefits for Environmental Decision Making.
8. Assessing Costs for Environmental Decision Making.
9. Benefit-Cost Analysis in Environmental Decision Making.
MODULE 4: THE CASE OF AIR.
10. Defining Air Quality: The Standard-Setting Process.
11. Improving Air Quality: Controlling Mobile Sources.
12. Improving Air Quality: Controlling Stationary Sources.
13. Global Air Quality: Policies for Ozone Depletion and Global Warming.
MODULE 5: THE CASE OF WATER.
14. Defining Water Quality: The Standard-Setting Process.
15. Improving Water Quality: Controlling Point and Nonpoint Sources.
16. Protecting Drinking Water: The Safe Drinking Water Act.
MODULE 6: THE CASE OF SOLID WASTES AND TOXIC SUBSTANCES.
17. Managing Hazardous Solid Waste and Waste Sites.
18. Managing Municipal Solid Waste.
19. Controlling Pesticides and Toxic Chemicals.
MODULE 7: GLOBAL ENVIRONMENTAL MANAGEMENT.
20. Sustainable Development: International Trade and International Agreements.
21. Sustainable Approaches: Industrial Ecology and Pollution Prevention.
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