Environmental and Resource Economics

Requirements and Schedule

Place and Time

1. Prerequisites:  Econ 201AB and ARE 201-2.

2. Paper: 

A paper describing a researchable topic in environmental and resource economics is due on Thursday, May 2.  The paper should be approximately 10 pages long, double spaced, and typed.  One alternative is to identify an economic problem, argue for the importance of the problem, and describe the approach to be taken, sketching (but not solving) a model.  For an empirical paper, the identification of data sources, the specification of a model that uses those sources, and some prose about how the anticipated regression would indeed settle the question are required.  Alternatively, a literature review of a topic in environmental and resource economics in the form of an annotated bibliography may be submitted.  The point of such a review would be to identify an area of the literature that is not satisfactory and to propose how one might do better. 

The paper will count 50% of the final grade.

3. Take Home exam

A take-home exam will be given out in class at the end of the semester.  The exam will count 50% of the final grade.

4.  Incompletes will be granted only to those with extenuating circumstances beyond their control.

5.  Office hours

Berck:  224 Giannini, 2-7238, pberck@uclink.berkeley.edu, F 10.

Sunding:   Giannini, , sunding@are.berkeley.edu ,

Hanemann:  327 Giannini, 3-2670, hanemann@are.berkeley.edu, tba

6.  Books:

J.M. Conrad and C.W. Clark, Natural Resource Economics, Cambridge University Press, 1987 (paper).

N. Hanley, J. Shogren, and B. White, Environmental Economics in Theory and Practice, Oxford University Press, 1997 (paper).

7. The following book is on reserve in the Giannini Foundation Library, 248 Giannini Hall, 2nd floor:

      A. Dixit and R. Pindyck, Investment Under Uncertainty, Princeton University Press, 1994.

8.   You may also want to buy

      R. Stavins, ed., Economics of the Environment, selected readings, W.W. Norton & Company, 2000.

On reserve in GF Library:  Dixit and Pindyck  Investment Under Uncertainty. 

7.  Other readings:

Berck's list on this web site