Professor: Dr. Simona Trandafir
Prerequisites: EEC 105
Catalog Description: Role of economics in management of coastal and marine resources. Particular attention to markets, market failure, externalities, environmental and natural resource management
The objectives of this course are to provide you with a foundation in microeconomics and in natural resource and environmental economics. Managing use of natural resources or the environment requires influencing behaviors of human beings. Economics is partly the study how this is accomplished through the use (or misuse) of economic incentives – either through the use of markets, or when markets fail, through regulatory policy. Understanding the mechanisms of markets is critical to understanding why humans react to economic incentives in the manner we see every day. Only then can we understand why market failure can lead to management of natural resources and the environment that is not socially optimal, and what can be done to correct those market failures.
By the end of the semester students will be able to:
Dr. Simona Trandafir
Visiting Assistant Professor
Department of Environmental and Natural Resource Economics
211 Kingston Coastal Institute
Dr. Trandafir is an environmental economist who specializes in transportation economics. Her current research interests are:
This course will enhance your understanding of the role of microeconomics in marine resource management.