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Economics and the Environment ReviewHow much pollution is too much? What role should government play in regulating the environment? Will "clean technology" lay the foundation for a sustainable future? To help students understand the far-reaching implications of environmental and resource economics, this text examines a broad range of topics in environmental economics. It presents "standard analysis," as well as in-depth treatment of important issues at the cutting edge of environmental policy debates. The focus is on equipping students with the tools necessary to analyze current environmental issues as an economist would.
In keeping with the philosophy of incorporating examples directly in the text, this book begins with a detailed case study of a "big issue" with which many students are familiar-global warming. Other issues covered in a rigorous and comprehensive manner include the property-rights basis of environmental problems, benefit estimation techniques and benefit-cost analysis, incentive-based regulation, and sustainable resource use.
The Second Edition retains the three interrelated advantages of its predecessor-(1) broad content, (2) pedagogical clarity, and (3) timely, well-integrated examples-while incorporating major reorganizations, additions and updates aimed at enhancing learning and reflecting the most up-to-date information available. Following the Introduction, this text centres around four focussed questions:
Part I: How Much Pollution is Enough? Part II: Is Government Up to the Job? Part III: How Can We Do Better? Part IV: Can We Resolve Global Issues?
Using these questions as guidelines, the author develops the economic tools students need to explore solutions to environmental problems. In the process, the book covers a wealth of current examples, from global warming, to population growth, to urban air pollution and energy policy, to chemical regulation and landfill siting.
Part V covers four advanced topics: The Importance of Being Convex, Imperfect Regulation in an Uncertain World, Input-Output Models and Life-Cycle Analysis and Incentive-Compatible Regulation.
As this text addresses important questions raised in contemporary (and future) society and introduces readers to the economist's view of some solutions, it is highly recommended for students taking courses in environment management, environmental and resource economics, and environmental studies. Ideally, students would have undertaken a course in microeconomics or intermediate microeconomics as a prerequisite.
Formerly a Research Officer with the Malaysian Timber Council's London office and Business Development Manager with KPMG's Kuala Lumpur office, Azlan Adnan is currently Managing Partner of Azlan & Koh Knowledge and Professional Management Group, an education and management consulting practice based in Kota Kinabalu. He holds a Master's degree in International Business and Management from the Westminster Business School.
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