Advanced Topics in Environmental EconomicsSome World Wide Web Sites of InterestInternet Project. This assignment involves creating material (one implementation case study) to be put on the sustainable development home page created here at Colby for the World Wide Web. Using a prescribed format (I will supply a template) those who select the option will write a brief, but revealing report on the application of the principles of sustainable development and conventional economic analysis to one particular environmental problem (air pollution, fisheries, agriculture, energy, deforestation, etc.) in a specific geographical and cultural setting. Do not choose studies that simulate what might happen if the policies or circumstances were changed. These internet studies are designed to reveal actual, not hypothetical or possible outcomes. Having selected a specific case, the author will review (and write a short executive summary report on) the evidence that is available on that subject. (Examples of previous reports can be found on the worldwide web at http://www.colby.edu/personal/thtieten/ sustain.html. The reports in this class obviously should not duplicate case studies already on the web site.) Each report will attempt to condense down to no more than two pages the major conclusions to be taken away from that case study. (These are to take the form of extended Boxed Inserts in a typical text). The objective is to make available to worldwide audience brief, but revealing, summaries of the application of economic principles to sustainable development. (If you pique web readers’ interest, they can get the details from the cited articles on which these summaries are based.) The internet reports should be forwarded to me as an attachment via email. I will load them on the web. It can be the same topic as your concept paper, but not the same as your class presentation.Part I. The BasicsSessions #3 Measuring SustainabilitySession #4 Environmental Valuation: The Concepts and MethodsMonday, February 17Session #5 Environmental Valuation: The Case StudiesWednesday, February 19Session #6 Sources of Unsustainability: Externalities and Property RightsPart III. Strategies for Managing the Transition to Sustainable DevelopmentSession #9 Natural Capitalism: Can Profit-Maximization Be Compatible with Sustainable Development?Wednesday, March 5Session #10 Natural Capitalism: Can Profit-Maximization Be Compatible with Sustainable Development?Session #11 Efficiency Standards for Automobiles: What is the Evidence?Wednesday, March 12Greene, D. L. (1998). "Why CAFE Worked." Energy Policy 26(8): 595-613.http://www.colby.edu/economics/faculty/thtieten/ec476/CAFE.pdfSession #12 The California Deregulation Nightmare: What is the Evidence?Session #13 Property Right Strategies-I: FisheriesSession #15 Permit-Based Strategies for Pollution Control: What are the Limits?Session #18 Session #21 Land Use ControlSession #19 Innovative Strategies for Land Use ControlSession #21 Invited LectureWednesday, April 23Ec 476 Professor TietenbergColby College Miller Lib 234Spring, 2003 email: thtietenTel: 3143Advanced Topics in Environmental EconomicsAs a senior seminar, this course will acquaint you with the latest developments in the field (many of the papers weshall consider have not even been published yet.) We shall examine the basic research (theory, and the empiricalwork) as well as the lessons that can be learned from implementation experience as these ideas have been put intopractice.This course is designed as a seminar in which all participants are expected to contribute to group learning, notmerely to absorb material passively. Sustainable Development, a concept that lies on the frontier of environmentaleconomics, provides the focus for our inquiry. Analyzing this concept closely reveals the large contributions thateconomic analysis can make in understanding the nature of the problems and in providing guidance on solutions,but it also raises fundamental questions about the appropriate domain for economic analysis. You will be exposedto both the emerging insights and the controversies and given ample opportunities to develop your ownperspective.Topics will be examined using both discussion and presentation formats. Discussion Format: Having read the background readings, each participant will be expected to contribute to adiscussion that extracts the major insights in the readings and assesses their validity and import. My role will be toask leading questions and to probe the responses. Presentation Format: These sessions will focus on presentations by students, faculty or guest speakers. Some World Wide Web Sites of InterestThis information can be very useful in selecting topics and researching the two projects required for this class.Colby’s Sustainable Development/Economics Page: http://www.colby.edu/personal/thtieten/sustain.htmlNational Center for Environmental Economics (EPA) Site: http://www.epa.gov/economics/Free U. of Brussels Sustainable Development Site: http://www.ulb.ac.be/ceese/meta/sustvl.htmlInstitute for Sustainable Development: http://iisd1.iisd.caNSF Environment and Global Change: http://www.nsf.gov/geo/egch/United Nations Development Program: http://www.undp.org/ United Nations Environment Program: http://www.unep.org/ National Institute for the Environment: http://www.cnie.org/Association of Environmental and Resource Economists: http://www.aere.org/And finally when only humor will do: http://netec.wustl.edu/JokEc.htmlLet me know if you find some helpful sites not on this list.2The readings for this course will largely be on the web:Many of the files are in pdf format. Reading a pdf report requires Acrobat Reader. If you don’t have it, it can be downloaded free from http://www.adobe.com/products/acrobat/readstep2.htmlThis course presumes that you have had a survey course in environmental and natural resource economics. If youwish to review that material you may want to consult:Tietenberg, T. (2001). Environmental and Natural Resource Economics. 6th ed.Reading, MA: Addison-Wesley Longman. orTietenberg, T. (2000). Environmental Economics and Policy. 3rd ed. Reading, MA,Addison-Wesley Longman.The grades in this course will be based upon: (1) class participation (quality and consistency of contributions -zeros are assigned for each missed class), 20%, (2) concept paper (content, analytical depth, organization andstyle), 40% (3) class