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ECO 3620. Environmental Economics

Fall 2005 | Calendar | Exam #3

Monday, Wednesday, and, yes, Friday 10:00-10:50, Raley Hall 3013

Instructor: John Whitehead
Raley Hall 3094
Office Hours: TTh 9-11, 2-5; other times by appointment and open door
Phone: 262-6121 (office), 262-2148 (department), 268-8991 (home)
Fax: 262-6105


Last Update: 12/12/2005

Catalog Description

Examines the implications of economic theory and how it relates to the environment and environmental activity. The course examines the continuing conflict between market forces and environmental integrity and explains how economic theory views the relationship between economic activity and the natural world. Examples of local, regional, national, and international issues are presented and discussed.

Textbook and Reading Assignments

Book CoverThe Economic Approach to Environmental and Natural Resources, 3e, James R. Kahn
  1. Economics and the Environment; Chapter 1
  2. Markets, Chapter
  3. 2 (14-19)
  4. Market Failure, Chapter 2 (19-20, 23-24, 26-32)
  5. Nonrenewable Resources, Chapter 2 (32-37, 38-43)
  6. Optimal Level of Pollution, Chapter 3 (56-64)
  7. Valuing the Environment
  8. , Chapter 4
  9. Benefit Cost Analysis, Chapter 5
  10. Environmental Regulation, 3 (53-56, 64-72) ; 3 (72-88)
  11. Renewable Resources, Chapter 11 (383-390, 396-407); 12 (424-447)
  12. Macro, Chapter 6


The grades are based on the two projects (worth 100 points each) and three exams (worth 100 points each). The maximum number of points is 500. Final grades will be assigned as follows:

Grade A A- B+ B B- C+ C C- D+ D D- F
% 92.5 90 87.5 82.5 80 77.5 72.5 70 67.5 62.5 60 below 60
Points 462.5 450 437.5 412.5 400 387.5 362.5 350 337.5 312.5 300 below 300


There are three multiple choice exams during the semester -- two in-class exams and a final exam administered during the final exam period. Each exam is worth 100 points. A university excused or emergency absence is usually necessary to schedule a make-up exam.

Each exam is graded on a 100 point scale. The 300 points are weighted by your scores. Your highest score (H) is worth 45%, your middle score (M) is worth 35% each, and your lowest score (L) is worth 20%. The points from your exams are calculated as follows:

Study Guides: Exam 1 | Exam #2 | Exam #3


There are two projects during the semester. Each is worth 100 points. Teams of students will form during the second week of the semester. The division of labor within the team should be determined by the team members. Each team member will receive the same grade on each project. If shirking becomes a problem, a Survivor-style vote will expel individual members of the group. Group castoffs will be assigned an onerous individual project.

More detail on each project can be found here:


It is the policy of Appalachian State University that class attendance is considered to be an important part of a student's educational experience. Students are expected to attend every meeting of their classes, and are responsible for class attendance. A university excused or emergency absence is usually necessary to schedule a make-up exam.

Classroom Behavior

The following classroom behaviors are not acceptable: excessive and/or loud chatting with other students, disruptive coming and going, use of cell phones, and other annoying behaviors.

Academic Dishonesty

It is the responsibility of every student to abide by the Appalachian State University Academic Integrity Code.

Last Update: 12/12/2005