This course provides students with a clear exposition of the parts of economic analysis which bear directly on the management of a business firm in the free enterprise economy. Honors courses provide the opportunity for exceptional achievement. Instructors use methods and introduce concepts that will challenge the highly motivated student. Often interdisciplinary in approach and sometimes team taught, honors courses typically offer students occasions to extend their learning beyond the classroom. This course develops and uses microeconomic principles to better understand current environmental problems.
Attention is given to the efficient use of environmental resources.
Various public policies dealing with environmental problems such as acid rain, global warming and air and water pollution are discussed and analyzed. International comparisons regarding environmental policy is incorporated. This course examines the role of the federal government in the market when there are market failures. The course focuses on issues surrounding the efficient allocation of resources, the existing distribution of income and policies designed to stablize the economy. The fundamentals of the personal income tax and social security tax are outlined and the impact on economic behavior is discussed.