AEC 445G: INTRODUCTION  TO  RESOURCE
& ENVIRONMENTAL ECONOMICS
Spring 2012
Lecture and Assignment Schedule
Lecture Dates Topics, Reading and Study Assignments
January 12 Introductions, Syllabus, Expectations
Study Assignment #1
January 17 Brief Review of Economic Theory
Study Assignment #2
January 19 What are "Natural Resources" and how can we classify them?
Study Assignment #3
January 24 Models of Resource Scarcity
Handout: Malthus and Ricardo compared
Study Assignment #4
January 26

Property Rights and the Environment
Study Assignment #5

January 31

Land: The First Natural Resource

American Farmland Trust, "What is Happening to Our Farmland?

USDA-ERS, "Major Uses of Land in the U.S.,2007"
Study Assignment #6

February 2

The Economics of Agricultural Land

USDA-ERS, "Land Use, Values, and Management"
Study Assignment #7

February 7 Forest Resources
Society of American Foresters, "State of 'America's Forests'"
Study Assignment #8
February 9

Forest Economics: A Primer

Tietenberg & Lewis, "Forests" (handout)
Study Assignment #9

February 14 Whose Water Is It? Water Rights in the U.S.
Study Assignment #10
February 16 Water Economics
Robert Stavins, "As Reservoirs Fall, Prices Should Rise"
Study Assignment #11
February 21 Energy Economics
EIA- "History of Energy Consumption"
EIA- "Energy Flow-2010"
Study Assignment #12
February 23

Energy Economics

Charles Kenny, "Everything You Know About Oil Peak is Wrong"
Raymond Kopp, "Replacing Oil"
Study Assignment #13

Febrary 28 Review for Mid-Term Exam
Bonus Study Assignment
March 1 Mid-Term Exam (200 Pts)
March 6 Discuss Mid-Term Exam
Introduction to Environmental Economics
March 8 Mid-Term Rewrite (totally optional)
March 12-16 Spring Break- Have fun, be safe!
March 20 Environmental Economics
Study Assignment #14
March 22 Economics Incentives v. Regualtions
Harrington & Morgenstern "Economic Incentive v. CAC"
Study Assignment #15
March 27 Water Quality in the U.S.
EPA Water Quality Assessment Report
Study Assignment #16
March 29 Water Quality and Agriculture
Choices: "Agriculture and Water Quality"
Study Assignment #17
April 3 Complete registration for Nutrient Net simulation
April 5 Air Quality in the U.S.
"Plain English Guide to the CAA"
EPA Air Quality Trends
Nutrient Net Overview
Study Assignment #18
April 10 Air Quality Economics
Clean Air Markets
SO2 Allowance Auction
Nutrient Net Round #1
Study Assignment #19
April 12 Air Quality Economics
Robert Stavins, "Lessons Learned from SO2 Allowance Trading"
Nutrient Net Round #2
Study Assignment #20
April 17 Economics of Regional Water Quality
Dennis King, Crunch Time for Water Quality Trading", CHOICES
Nutrient Net Round #3
Study Assignment #21
April 19 Global Cimate Change
Jon Antle, "Climate Change and Agriculture"
Nutrient Net Round #4 (?)
Study Assignment #22
April 24 Development, Poverty & the Environment
Bjorn Lomborg, "Does Helping the Planet Hurt the Poor?" (handout)
Study Assignment #23
April 26 Review for Final Exam
Quiz #13
May 3, 1 pm

Final Exam (250 points)