Instructor:
John Whitehead
e-mail: whiteheadjc@appstate.edu
| Date | Topic | Notes | |
| 1 | Wed, 8/24 | Introduction | Syllabus |
| 2 | Fri, 8/26 | Economics and the Environment; Chapter 1 | |
| 3 | Mon, 8/29 | continued | Conservation Reconsidered -- Reconsidered |
| 4 | Wed, 8/30 | Markets, Chapter 2 (14-19) | Katrina and gas prices, GDP; Pit Market Trading |
| 5 | Fri, 9/2 | rational choice theory | Was it irrational not to evacuate? |
| Mon, 9/5 | No class - State Holiday | ||
| 6 | Wed, 9/7 | continued, law of demand | Polley on price gouging |
| 7 | Fri, 9/9 | law of supply | |
| 8 | Mon, 9/12 | market equilibrium (Cherry) | |
| 9 | Wed, 9/14 | market efficiency (Cherry) | |
| 10 | Fri, 9/16 | greenhouse gas emissions (Strazicich) | |
| 11 | Mon, 9/19 | steady-state economy | Economic growth and fisheries conservation; Up and Down the EKC |
| 12 | Wed, 9/21 | Nonrenewable resource markets, Chapter 2 (32-37, 38-43) | Hotelling at last; Oil prices: Hotelling's rule, futures and options |
| 13 | Fri, 9/23 | continued, Hotelling's Rule | Gas prices [www.wcnc.com] |
| 14 | Mon, 9/26 | continued | |
| 15 | Wed, 9/28 | Exam #1 | |
| 16 | Fri, 9/30 | teams meet and draft a questionnaire with 5-10 questions | example |
| 17 | Mon, 10/3 | Market Failure, Chapter 2 (19-20, 23-24, 26-32); Optimal Level of Pollution, Chapter 3 (56-64); Valuing the Environment, Chapter 4 | |
| 18 | Wed, 10/5 | continued | Just Drill, Baby; maps |
| 19 | Fri, 10/7 | continued | |
| Mon, 10/10 | No Class - Fall Break | ||
| 20 | Wed, 10/12 | continued; Survey research training | IRB1.pdf; IRB2.pdf; Consent Form |
| 21 | Fri, 10/14 | continued | Katrina and ANWR |
| 22 | Mon, 10/17 | Chapter 4 (valuation methods) | |
| 23 | Wed, 10/19 | Travel cost method | Measuring the Value of the Environment through Recreation: Part 1 |
| 24 | Fri, 10/21 | No class - teams are in the field collecting data for their research projects | |
| 25 | Mon, 10/24 | Hedonic price method | Measuring the Value of the Environment: Part III (Hedonics); When is a life too costly to save? |
| 26 | Wed, 10/26 | HPM continued, averting behavior method | Does Air Quality Matter?; Measuring the Value of the Environment: Part II |
| 27 | Fri, 10/28 | Contingent Valuation Method | Willingness to Pay for Green Energy |
| 28 | Mon, 10/31 | Benefit Cost Analysis, Chapter 5 | Benefits and Costs of the US Acid Rain Program; [paper summary] |
| 29 | Wed, 11/2 | BCA, continued | |
| 31 | Fri, 11/4 | Exam #2 | |
| 32 | Mon, 11/7 | Environmental Regulation, 3 (53-56, 64-72) ; 3 (72-88) | |
| 33 | Wed, 11/9 | cont. | |
| 34 | Fri, 11/11 | cont. | |
| 35 | Mon, 11/14 | Tradeable permits | Acid Rain Program | Market Analysis |
| 36 | Wed, 11/16 | Regulation simulation | |
| 37 | Fri, 11/18 | No Class - Team meetings | |
| 38 | Mon, 11/21 | No Class - Team meetings | 10 slide draft powerpoint presentation due [template] |
| Wed, 11/23 | No Class - Thanksgiving | ||
| Fri, 11/25 | No Class - Thanksgiving | ||
| 39 | Mon, 11/28 | Macro, Chapter 6 | Green GDP; Fixing GDP |
| 40 | Wed, 11/30 | Global warming | UN Climate Change Conference; Global Warming Game; A better climate change agreement |
| 41 | Fri, 12/2 | Team research presentations | |
| 42 | Mon, 12/5 | cont.; "sustainability and neoclassical micro" (i.e., my vision for the future) | |
| Wed, 12/7 | Reading Day | ||
| Mon, 12/12 | Final Exam 9-11:30 | ||