ECON 3254 Ecological Economics

3 hours; 3 credits

The closely intertwined relationship between the human economy and ecological systems. A broad survey of the foundations, key concepts, and methods of ecological economics and the ecosystem services that underpin the wealth of nations. Examination of the following fundamental questions: 1, Is it possible to place a monetary value on nature (or the services that nature provides)? 2, Is it possible to substitute man-made capital for natural capital? I.e., as we degrade the natural environment and exhaust natural resources can produced capital goods compensate for these losses? 3, How can we measure the scale of human activities, their impact on ecosystem state, and determine what level is ultimately sustainable?

Prerequisite: Economics 2200 and 3400


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