DOC PREVIEW
UCSB ESM 204 - Instructors

This preview shows page 1-2-16-17-18-34-35 out of 35 pages.

Save
View full document
View full document
Premium Document
Do you want full access? Go Premium and unlock all 35 pages.
Access to all documents
Download any document
Ad free experience
View full document
Premium Document
Do you want full access? Go Premium and unlock all 35 pages.
Access to all documents
Download any document
Ad free experience
View full document
Premium Document
Do you want full access? Go Premium and unlock all 35 pages.
Access to all documents
Download any document
Ad free experience
View full document
Premium Document
Do you want full access? Go Premium and unlock all 35 pages.
Access to all documents
Download any document
Ad free experience
View full document
Premium Document
Do you want full access? Go Premium and unlock all 35 pages.
Access to all documents
Download any document
Ad free experience
View full document
Premium Document
Do you want full access? Go Premium and unlock all 35 pages.
Access to all documents
Download any document
Ad free experience
View full document
Premium Document
Do you want full access? Go Premium and unlock all 35 pages.
Access to all documents
Download any document
Ad free experience
Premium Document
Do you want full access? Go Premium and unlock all 35 pages.
Access to all documents
Download any document
Ad free experience

Unformatted text preview:

Welcome to ESM 204 The Economics of Environmental Management Purpose of the class to help you solve environmental problems i e to help you solve generic group projects 1 Our goal is to help you see the economic dimensions of environmental problems and use that information to generate solutions UCSB Bren School ESM 204 Instructors Prof Christopher Costello 4410 Bren Hall costello bren ucsb edu Office Hours Th 10 45 12 00 Environmental and natural resource economics fisheries forestry biodiversity property rights environmental mgt TA Zack Donohew 3308 Bren Hall donohew gmail com Office Hours Tue Wed 1 00 2 00 Property rights water common pool resources Plan to attend office hours We want to get to know you 2 UCSB Bren School ESM 204 Course Vitals Prerequisites Calculus ESM 251 or Econ 100AB 20 lectures Tuesday Thursday 9 30 10 45 1 discussion section per week run by TA Section WILL be held this first week You should be familiar with Excel SOLVER You are expected to attend all lectures and 1 discussion per week Powerpoint slides typically posted a few hours prior to class Workload Significant Expect 8 10 hours per week outside of class on average 3 UCSB Bren School ESM 204 Grading Homework Assignments 45 Class section participation 15 Midterm 20 In class Feb 11 Final Exam 20 Choose 4 mini group projects may should work with a partner submit 1 copy of answer with both names If you do more than 4 your best 4 grades will be counted Pay attention to due dates late assignments will be penalized May not use the same partner twice ie keep moving Zack covers submission guidelines Work should be your own Do not share outside your team Take home dist d March 11 due March 17 Cheating plagiarism will not be tolerated 4 UCSB Bren School ESM 204 Readings Preparation Readings most available on web Many readings only available from bren ucsb edu domain Use snoop if you have to Several books will be used a lot Required Kolstad Environmental Economics 2nd Ed RBR has recommended books on reserve Hartwick and Olewiler The Economics of Natural Resource Use 2nd Edition Addison Wesley 1998 Boardman et al Cost Benefit Analysis 2nd Ed Prentice Hall 2001 Lower level book Goodstein in RBR 5 UCSB Bren School ESM 204 Preparation Please come to class prepared Preparation read the assignments listed for the day on the webpage I will call on you in class Please help make this an interactive experience Questions 6 UCSB Bren School ESM 204 Course Approach VERY hands on Every lecture designed to help solve a generic group project Lecture Style Begin with brief overview from last class questions Motivate new material I will always motivate material with a hypothetical group project If I can t think of a good use for the material in a real world group project like setting you should not bother learning it Cover new material ask about readings Open discussion throughout 7 UCSB Bren School ESM 204 First What is environmental economics Environmental Resources Economy and Environment Air water marketed species fisheries timber non marketed species birds frogs natural areas exhaustible resources People gain well being from environment Environment absorbs waste Firms use environment to produce goods services Firms and individuals subject to environmental regs People gain well being from goods services Environmental Economics study of interaction between economy and natural environment 8 UCSB Bren School ESM 204 Two Basic Kinds of Questions Positive describes what will happen or why something happened Normative describes what should happen Why did US drop out of Kyoto What firms will leave LA if air regs are tightened How will farm profits be affected by a change in average temperature How much habitat should be set aside for Gnatcatcher What should be the level of GHG controls in the US to balance costs and benefits Economists generally conduct positive analysis Policy making is supported by normative analysis 9 UCSB Bren School ESM 204 What will we cover in Course Course broken into 4 sections 1 2 3 4 Project Evaluation Evaluating public environmental projects and regulations Measuring benefits and costs Environmental Regulation Managing renewable and non renewable resources 10 UCSB Bren School ESM 204 Making public environmental decisions 11 UCSB Bren School ESM 204 Why are we studying this All group projects are fundamentally about making decisions about how to best solve an environmental problem Our goal today look at ways of evaluating different solutions to environmental problems project evaluation 12 UCSB Bren School ESM 204 Project Evaluation How to make judgments about the advisability of public actions Proposed regulations e g air regulations Proposed projects e g habitat acquisition 13 Normative issue UCSB Bren School ESM 204 Example Gnatcatcher Gnatcatcher lives on California Coast To protect species must set aside coastal habitat and protect from housing development Questions to ask How much land to set aside Who should pay for land set aside How to answer questions i e make social decisions Vote Who should vote Majority rules Coastal residents LA residents State of CA US Future generations Look at overall benefits and costs Bren School ESM 204 14 Other methods to UCSB decide Methods for Project Evaluation Cost effectiveness cheapest way to achieve a goal Cost benefit balance pluses and minuses of project Multi criteria looks at ways of achieving multiple goals Precautionary Principle how to act faced with great uncertainty Sustainability only do things that can be continued in perpetuity Difficult to implement 15 UCSB Bren School ESM 204 Cost effectiveness vs Cost benefit Cost effectiveness analysis Start with a goal e g AB32 reduce GHG emissions to 1990 levels by 2020 Given this goal what is the least cost way of achieving it Note Cost effectiveness says nothing about the appropriateness of the goal Cost benefit analysis Weighs costs and benefits to determine the optimal i e most efficient level e g optimal gas tax 16 UCSB Bren School ESM 204 Cost Effectiveness Usually Sufficient for Environmental Problems Easier Only need look at cost side Ignore benefits Often more realistic Client tells you his her environmental goal Wants you to figure out the best way of achieving it Don t use a bigger hammer than you need 17 UCSB Bren School ESM 204 Cost effectiveness not as obvious as you might think 18 Suppose each student is a polluting firm each emits 100 tons of NOx per year 80 students x 100 tons 8 000 tons 2


View Full Document

UCSB ESM 204 - Instructors

Download Instructors
Our administrator received your request to download this document. We will send you the file to your email shortly.
Loading Unlocking...
Login

Join to view Instructors and access 3M+ class-specific study document.

or
We will never post anything without your permission.
Don't have an account?
Sign Up

Join to view Instructors 2 2 and access 3M+ class-specific study document.

or

By creating an account you agree to our Privacy Policy and Terms Of Use

Already a member?