Environmental and Resource Economics


The course focuses on the application of economic principles to help understand and manage the relationship between humans and the environment. The course illustrates how resources are allocated in a market economy, potential problems from a social perspective with that allocation and alternative solutions for reallocating resources to achieve more socially desirable outcomes. Issues such as efficiency and externality, benefit – cost analysis and alternative policy instruments for pollution control are examined. Topics related to global warming, Ghanaian water resources, and other current environmental policy issues will be discussed.