Instructor: Dennis C. McCornac, Ph.D. Office: #0D27

Email: dm1231@georgetown.edu

Office Hours: Sunday and Tuesday, 2:15 p.m. to 3:15 p.m. I am also available by appointment and via Zoom conferencing. Please email me if you would like to meet via Zoom.

Course Description: This course uses microeconomics to analyze environmental and natural resource management issues. Topics may include market-based regulations, valuing the environment, air pollution, global warming, biodiversity conservation, fisheries, natural resource scarcity (minerals and oil), and tradeoffs between environmental quality and economic growth. Coverage of the topics will balance textbook applications of environmental economics with analysis of environmental and natural resource policy. Instruction will consist of a mix of lectures and class discussions.

Course Outline:

http://dcmccornac.com/AEnvironmentalEconomicsFall2025/ECON2675outlineFall2025.htm

Goals of the Course:

· Understanding the fundamental building blocks and tools of environmental economics that underly and support environmental policy and management.

· Develop critical skills for analyzing competing policies and economic theories.

· Evaluate the advantages and disadvantages of various environmental policies.

· Critically discuss the characteristics and properties of measures of benefits and benefit estimation procedures and their applicability to specific situations.

· Define the basic conditions of the optimal use of renewable and exhaustible resources.

Students are expected to prepare for class by completing all readings PRIOR to each class meeting. Thoughtful and constructive class participation is expected, as it will help you to better understand the material and enhance the learning process for all. In addition, students will be expected to read a newspaper or news websites daily to keep abreast of events related to environmental issues.

Required Text: The required text is Environmental and Natural Resource Economics, 12th Edition, by Tom Tietenberg and Lynne Lewis, Publisher: Routledge. An eBook version of the text is available in Canvas under Bookshelf®.

Required Readings: Required and optional readings will be posted on the course outline and additional articles web pages. The PowerPoint presentations may also contain links to additional readings.

Additional Readings: Additional readings will be put on the additional articles’ webpage (link from course outline page).

Course Requirements: Exams and Short Papers:

The course requirements are listed below:

1. Two written assignments. Details and due dates are available on the course outline. Each assignment is worth 10 points.

2. There will be one midterm exam worth 35 points due on the date specified on the course outline.

3. Class Participation and attendance are worth 10 points.

4. The final exam is worth 35 points and will be cumulative.

Grading Scale

Method of Evaluation	Points Possible
Assignments (2) – 10 points each	20
Exam 1	35
Class Participation and Attendance	10
Final Exam	35
TOTAL	100

Class Policies:

1. Written Assignments: All written assignments must be turned in by the date and time specified on the course outline and Canvas. They should be submitted on Canvas at the end of the day of the due date. Written assignments must be word-processed and 1.5 or double-spaced, using 12-point Times New Roman font. You must cite outside work when appropriate. Please refer to the university policy below regarding the use of AI. You may use any citation style as long as you use it correctly and consistently.

2. Late Work: Late work will be penalized by one full letter grade each day. NO EXCEPTIONS WILL BE MADE.

3. Absences: You are expected to attend all class meetings. Attendance will be taken and counted toward your class participation grade. Unexcused absences will strongly negatively impact your participation grade.

4. Electronics: Cellphone use is prohibited during class. Laptop use during class is permissible for viewing course readings only. Surfing the internet, chatting, or working on other projects is prohibited. I reserve the right to alter this policy and ban laptop use entirely if conditions make it necessary.

5. You are expected to NOT leave and come back to class during the class period unless it is an emergency.

AI Policy: Trying to prevent the use of AI if one wishes to do so is perhaps a futile effort. However, following university policy, it is, as always, the students’ responsibility to be sure that they are following the rules laid out by their professor. My rule is that, as with all source material, this applies both to work taken directly from the AI generator and to work that has been paraphrased before being used in coursework. If you didn’t generate the words yourself, say so by quoting and citing the source; if you generated the words but not the content and ideas, say so by citing the source.” (Georgetown Honor Council’s Standards of Conduct Policy, 2023)

Honor Code: Every student has the responsibility to abide by the GU Honor Code. Review academic policies and the honor system on the GUQ webpage.

https://honorcouncil.georgetown.edu/system/policies/standards-of-conduct/#

Suspected infractions of the Honor System will be referred to the Honor Council. If a student is found in violation of the Honor System, I reserve the right to award a failing grade on the assignment or the course as a whole, in addition to any sanction that the Honor Council and the Dean may apply.

Title IX & Non-Discrimination:

As faculty at Georgetown University, we are committed to our responsibilities under Title IX, as well as the University’s non-discrimination policies. For details of University policies, please refer to the following links:

https://titleix.georgetown.edu/#

https://www.qatar.georgetown.edu/campus-life/title-ix

https://bulletin.georgetown.edu/regulations/antidiscrimination