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For juniors and seniors. Use of microeconomics and mathematical optimization theory in the design of environmental regulatory programs; tradeoffs between equity and efficiency in designing regulations; techniques for predicting adverse effects in environmental impact assessments; information disclosure requirements; and voluntary compliance of firms with international regulating norms. Prerequisites: MATH 51. Recommended: 70.

Current and future environmental challenges in Europe and related public policies in the European Union (EU). State of the European environment and human development, European environmental policy-making (multi-level ecological governance), global ecological role of the EU. Specific challenges include climate change adaptation, mitigation (carbon taxes, carbon market), climate change and European cities, biodiversity and ecosystems preservation (economics of biodiversity), energy management. Specific policies include environmental justice (environmental inequalities), human development and environmental sustainability indicators (beyond GDP) and absolute and relative decoupling (carbon intensity and resource productivity improvement). Open to undergraduates (freshmen, sophomores, juniors and seniors) as CEE 171E.