EEP 101/ ECON 125 Economics of Resources and the Environment

Professor David Zilberman Department of Agricultural and Resource Economics University of California, Berkeley

Lecture 1: Introduction

• Guest Lecturer: Professor David Roland-Holst • • • • • • • • • The Professor GSIs Sections Readings (Online Texts) Grading Course Outline What You Will Study, Hopefully Special Issues Details available on the syllabus and online on the class website: ( http://are.berkeley.edu/courses/EEP101/spring06/ )

The Professor

• David Zilberman • Currently in Zurich, Switzerland • • • • • Will Return on Thursday for Lecture 2 Office Location: 337 Giannini Hall Office Hours: Thursdays 11 a.m.-12 p.m.

Website: http://are.berkeley.edu/~zilber/ Email: [email protected]

The Professor

Background of Zilber

• • • • Originally from Israel: You can tell by his Zilbonic accent.

Works on water in California: Got a Drippey award, The Oscar of Plumbing (come see the wax trophy in his office) Expert on biotechnology, environmental services, and pesticides: Always attracted to toxic materials and never shies from controversy.

Basketball Fanatic: Had assistant type this lecture up, while at the Warriors game.

GSIs

• Kristin Kiesel • • • • • Office: Giannini 308 Office Hours: TBA Phone: 643-5413 E-mail: [email protected]

Sections: 101 and 102 • Anin Aroonruengsawat • • • • • Office: Giannini 325 Office Hours: TBA Phone: (510) 643-5415 E-mail: [email protected]

Sections: 105 and 106

Sections

• • • • • Section 101: Monday 9-10, 2070 VLSB (GSI: Kristin Kiesel) Section 102: Monday 3-4, 2301 Tolman (GSI: Kristin Kiesel) Section 105: Friday 9-10, 2070 VLSB (GSI: Anin Aroonruengsawat) Section 106: Friday 3-4, 87 Dwinelle GSI: Anin Aroonruengsawat) IMPORTANT!!! If you are in sections 103 or 104, you MUST switch into sections 101, 102, 105, or 106 via Telebears

Readings (Online Texts)

• There is no required textbook. The detailed course notes on the course website serve as required text for the course (available at http://are.berkeley.edu/~zilber/EEP101/spring06 ). There will also be a course reader.

• For supplementary readings, we recommend the textbooks listed on the syllabus.

• Detailed text and lecture summaries are available at http://are.berkeley.edu/~zilber/EEP101/spring06 . The detailed notes and lecture summaries will be modified to reflect the revised content of the class.

Grading

• •

Grading

30% midterm, 50% final, and 20% homework.

• Students may opt to submit a paper. In this case grading is 66% classwork (the above) and 34% for the paper.* • * Possible topics for the optional paper, in addition to sample papers, can be found on the class website

Course Outline

• The syllabus includes a class outline revealing the material to be covered in each outline.

• The first five lectures are as follows: • Lecture 1: Introduction (Today!) • Lecture 2: When Is a Market Socially Optimal?

Production and Consumption Externalities • Lectures 3-4: Market Failure and Policy Instruments: Standards, Taxes and Subsidies • Lecture 5: An Economic Model of Positive Externalities

What You Will Study, Hopefully

• • • • Theory of externalities • • How to use carrots & sticks to reduce pollution The political economy of pollution control Public goods • • The economics of parks and environmental amenities Collective actions for a greener world Evaluation of non-market benefits Resource management over time • • Conservation policies Sustainability

Special Issues

• • • • • • Water Climate Change Pesticides Biotechnology Environmental Services Animal Waste