The instructor role includes all preparation, delivery, and grading. Using Washington, DC as a learning tool (e.g., a guest speaker, an excursion) is an expectation for the course. Some administrative assistance is available to support the preparation of course materials. Courses are to be intellectually challenging in content, and rigorous student assessment is required.
Course Description: The course exposes the students to the many nuances that characterize the interaction between the business world, the environment, and environmental policy. Most business activity impacts directly or indirectly the environment, by consuming non-reproducible resources, polluting water, air, and grounds, and contributing to climate change. There is both a risk to the environment from business practices, and also risks to business from environmental problems, including rising temperatures and sea levels, invasive species, freshwater shortages, overexploitation and extinctions, and global pandemics. Because of externalities, the market system is bound to produce more pollution than efficient. This is the normative rationale for environmental policies whose goal is to reduce pollution-producing business activities. While economic science has often stark recipes for optimal regulatory instruments, in practice environmental policy is the outcome of a complex political process that mediates the desires of the citizenry, expressed via voting and interest groups, and those of the businesses themselves, channelled via the lobbying process.