Environmental Economics
The cromulent economics blog
recent posts
Category: Teaching
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From the website: Environmental and Natural Resource Economics is the best-selling text for natural resource economics and environmental economics courses, offering a policy-oriented approach and introducing economic theory and empirical work from the field. Students will leave the course with a global perspective of both environmental and natural resource economics and how they interact. Complemented by…
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I have an in-class VEconLab experiment planned for my 10 am environmental and resource econ class. It's 9 am and I'm trying to set it up. Here is the message I'm getting: The program could not make a connection with the database. Possible cause: the Veconlab server may be down for some reason, e.g. extended…
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From the instructor's manual (bold is in the original, underlined text is my emphasis): Chapter 2 provides an overview of basic microeconomics as it applies to natural resource and environmental economics. The chapter includes much of the basic economics terminology and describes the framework from within which the various topics in the text will be…
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We're working on PhD recruitment this week (if you applied to OSU AEDE and were accepted, join us, we're FUN!). I put together a Google map with our PhD placements since 2007. A bit scary that I might be influencing thinking for this many people and this wide an area.
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David Zetland: Back in Nov 2016 (!), I was giving a lecture on institutions and regulation, and I wanted students to understand how (sometimes) markets or other negotiations are more efficient in resolving disputes over damages (from pollution or offense) between the offending and offended parties. I made the following diagram: …which looks much clearer here:…
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I used VEconLab's demand experiment in my sophomore level introduction to environmental and resource economics course this week: This exercise introduces the notion of demand as a function with "steps" that represent maximum willingness to pay, i.e. the marginal value of consumption. Step function graphs facilitate a subsequent understanding of buyers' surplus, since the area…
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Question 1: In the figure below, identify the 'highest' peak Question 2: In the graph below, identify the 'highest' number Question 3: Reconcile your answers to Question 1, Question 2, and the following Tweet: Thank you for all of the nice compliments and reviews on the State of the Union speech. 45.6 million people watched,…
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Economists don't like tariffs. In a 2011 survey of AEA members, only 5% disagree with the statement: "Tariffs and import quotas usually reduce general economic welfare." The U.S. has been generally moving towards freer trade over the past 35 years. That's what makes the current protectionist trend so puzzling (Trump’s Solar Tariffs Are Clouding the Industry’s Future): Across…
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In micro principles we teach that when price falls below average variable cost (e.g., labor and materials) the firm will shut down (Coal’s Decline Seems Impervious to Trump’s Promises): The decline in demand has forced a 38 percent drop in the nation’s coal production in a little less than a decade. Now only the most…
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