The course is an extension of Microeconomic Theory II. The course objective is to introduce students to the effectiveness concept of the competitive economic paradigm. In addition, the course provides an elementary introduction to basics of game theory. Upon course completion, a typical student is expected to: To understand the theoretical underpinning of applied public […]

This is the main course that addresses the economic analysis of resource management. The course objective is to introduce students to the rational/optimal concept of resource management. Upon course completion, a typical student is expected: To be able to elaborate on the “tragedy of the commons”. To comprehend the meaning of overfishing and natural resources […]

This is the main course that addresses the issue of market failure and the regulatory role of the State. The course objective is to introduce students to the concept of policy design (instrument choice) for environmental protection. Upon course completion, a typical student is expected: To be able to elaborate on “externalities” and the optimal […]