By retaining a strong focus on policy and real-world issues, ENVIRONMENTAL ECONOMICS AND MANAGEMENT: THEORY, POLICY AND APPLICATIONS, provides an applied, practical approach to environmental economic theory accessible to students with either minimal or more advanced economic exposure. The text has a modular structure, which not only organizes the presentation, but also provides a format that allows instructors flexibility and preference in designing material for the course. The presentation does not compromise economic theoretical concepts, but it does complement economic theory with timely, real-world applications. This text is intended to give undergraduate and MBA students a clear perspective of the relationship between market activity and the environment. The text integrates the business perspective in the development of environmental decision-making - a vantage point often overlooked in more conventional treatments. The general approach uses economic analytical tools such as market models, benefit-cost analysis, and risk analysis to assess environmental problems and to evaluate policy solutions.

Table of Contents

MODULE 1: MODELING ENVIRONMENTAL PROBLEMS. 1. The Role of Economics In Environmental Management. 2. Modeling the Market Process: A Review of The Basics. 3. Modeling Market Failure. MODULE 2: MODELING SOLUTIONS TO ENVIRONMENTAL PROBLEMS. 4. Conventional Solutions to Environmental Problems: The Command-And-Control Approach. 5. Economic Solutions to Environmental Problems: The Market Approach. MODULE 3: ANALYTICAL TOOLS FOR ENVIRONMENTAL PLANNING. 6. Environmental Risk Analysis. 7. Assessing Benefits for Environmental Decision Making. 8. Assessing Costs for Environmental Decision Making. 9. Benefit-Cost Analysis in Environmental Decision Making. MODULE 4: THE CASE OF AIR. 10. Defining Air Quality: The Standard-Setting Process. 11. Improving Air Quality: Controlling Mobile Sources. 12. Improving Air Quality: Controlling Stationary Sources. 13. Global Air Quality: Policies for Ozone Depletion and Global Warming. MODULE 5: THE CASE OF WATER. 14. Defining Water Quality: The Standard-Setting Process. 15. Improving Water Quality: Controlling Point and Nonpoint Sources. 16. Protecting Drinking Water: The Safe Drinking Water Act. MODULE 6: THE CASE OF SOLID WASTES AND TOXIC SUBSTANCES. 17. Managing Hazardous Solid Waste and Waste Sites. 18. Managing Municipal Solid Waste. 19. Controlling Pesticides and Toxic Chemicals. MODULE 7: GLOBAL ENVIRONMENTAL MANAGEMENT. 20. Sustainable Development: International Trade and International Agreements. 21. Sustainable Approaches: Industrial Ecology and Pollution Prevention.