ECON 2100 Fall 2015 Economics of Environmental Quality Meeting Time: Tuesday Thursday 11:00 – 12:15 Classroom: Jackson Street Building room 125 Instructor: Dr. Tianwei Zhang Office Hours: Tuesday Thursday 5:00-6:30 or by appointment Office: 508 Brooks Hall tzhang@uga.edu (706) 542-2284 Course Description The economic analysis of environmental issues, with discussions on current environmental problems, their underlying causes, possible policy solutions, and the relationship between economic growth and sustainability. Pre-Requisites: Econ 2106 and Econ 2105 Collage level calculus and algebra Course Objective This is an introductory level environmental economics course assuming the students have already completed at least one semester principle level microeconomics course. The course deals with the connections between environmental quality and the economic behavior of consumers, producers, and government. We will learn the economics theory and knowledge utilized in the analysis of environmental problems, such as externality, public goods, market allocation, and market failure. We will learn how to measure the value of environmental goods, how to weigh the costs against the benefits of economic activities, how to implement policies to help correct market failures in air pollution and water pollution issues, and how to understand sustainable development as economists. Textbook and Course Website Environmental Economics and Management, 6th edition, by Callan and Thomas Purchase online (buy e-book or buy e-chapter) http://www.cengagebrain.com/shop/search/9781111826673 UGA bookstore has a customized copy of textbook Course Website https://uga.view.usg.edu eLearningCommons will be used to post course materials, assign homework, make announcements, send group emails, and maintain grades. Fall 2015 Final exam schedule and policy http://www.reg.uga.edu/calendars/final-exam-dates/FinalExamDatesFall-2015 1 ECON 2100 Fall 2015 Grading Policy Your course numeric grade will be computed with the following weights: Midterm 1 Midterm 2 Homework Final Quiz Participation Attendance 20% 20% 20% 25% 10% 3% 2% Grading Scale You must reach the cutoff point in order to receive the corresponding letter grade. The rounding rule is to round to the nearest integer. ‘80.5’ will be rounded up to ‘81’, which qualifies for a ‘B-’. However, ‘80.4’ will be rounded down to ‘80’, which qualifies for a ‘C+’. No exceptions! A AB+ B = 94-100 = 91-93 = 88-90 = 84-87 BC+ C C- = 81-83 = 78-80 = 74-77 = 71-73 D F = 60-70 < 60 Course Policies 1. There will be two midterms and one cumulative final exam. All tests are mandatory and all test dates are fixed. You are responsible for properly arranging your personal plan for any potential time conflicts. I don’t reschedule any exam for personal/family reasons except for family member funerals. 2. Testing format in this course will be True/False questions and Multiple Choice questions. A photo ID is required to attend all tests. If you arrive late to any test, you will only be allowed to take the test if no other students have left. 3. I don’t return exam copies. After your midterm grades are posted, you have 10 work days to review your test, check your bubble sheet, take down notes, or ask me any question related to your test or grade. After the 10 days window, I will not answer any question related to your exam or grade. If you have any concern about your exam, you have to address it promptly. 4. I don’t provide makeup exams unless you have time conflicts with an official UGA event. In any unpredictable emergency case that prevents you from showing up physically for exams, I will need appropriate documentations within 2 days after the exam. Providing documentations does not guarantee your absence will be excused. After I approve the validity of the absence, we will discuss the possible solutions. If you see a doctor, I will need your doctor’s written statement of not recommending the student to participate school activity for health consideration. Just a doctor’s office or health center visit receipt won’t work. 5. You are responsible for being able to log in and checking your UGA email and the eLC course web site regularly and promptly. Please use your UGA email for any academic correspondence to me. 2 ECON 2100 Fall 2015 6. I extremely welcome visitors during my office hours. Having a conversion is the most efficient way for me to help you. My UGA email tzhang@uga.edu is the second best way to get on hold of me. Whenever you email me, you need to identify your class information, such as “I am in your Econ2100 Environmental Econ class and……’. 7. Fairness is very important in my class. In any particular situation, I need to think of the whole class and make sure my decision can be applied to any student if he or she has the same situation. About Homework During the semester, I will assign approximately 6 homework assignments. Homework assignment is typically due in a week in class. I will not return your homework but I will post answer keys. eLC won’t take late homework submission. University Honor Code & Academic Honesty Policy As a University of Georgia student, you have agreed to abide by the University’s academic honesty policy, “A Culture of Honesty,” and the Student Honor Code. All academic work must meet the standards described in “A Culture of Honesty” found at: www.uga.edu/honesty. Lack of knowledge of the academic honesty policy is not a reasonable explanation for a violation. Questions related to course assignments and the academic honesty policy should be directed to the instructor. I take academic fairness and academic dishonesty very seriously and I have extensive experience of preventing potential cheating and catching many kinds of cheaters. During the test, I reserve the right to reseat students. So for your own goodness, simply do NOT cheat. If you do and get caught in any test, that test grade will become zero and I will file report to the department, the college, and the university. Need Extra Help? Please do not hesitate to talk to me if you have any problem or concern. Most problems can be easily solved or targeted at early stages. Students with disability or health issues should come to see me with appropriate documents in the first two weeks of the semester. I will be happy to arrange other accommodations for your course/test needs. Students who need to attend official University event on a test day need to see me with documentation at least one week before the test and I will reschedule your test time. 3 ECON 2100 Fall 2015 Tentative Schedules The course syllabus is a general plan. I reserve the right to modify course contents if necessary. However, the test dates are fixed. Aug Sept w1 w2 w3 w4 w5 Mon Tuesday Wed Thursday Fri 18 20 25 27 1 3 8 10 15 17 Notes Drop/Add Tentative chapters 1, 2 3 4 5 w6 Oct w7 w8 w9 w10 w11 Nov w12 w13 w14 22 29 6 13 20 27 3 10 17 24 1 8 15 22 29 5 12 19 Midterm 1 Withdraw Midterm 2 9 11 12 13 14 15 16 20 Dec 24 1 8 26 3 10 Break Last week Final 21 w15 Subjects Chapters Basic economics in environmental issues Chapter 1, 2 Market failure Chapter 3 Policy solutions: command and control Chapter 4 Policy solutions: market based instruments Chapter 5 Activities Campus tour to Correll Hall Guest speaker on climate change Benefit Cost Analysis Chapter 6 Air quality analysis Chapter 10-13 Guest speaker on energy saving Water quality analysis Chapter 14-16 Campus tour to UGA Watershed Sustainability Chapter 20, 21 Group discussion 4