EEPSEA Short Course in Environmental and Resource Economics Module 4: Economy-Wide Issues Ian Coxhead University of Wisconsin-Madison blah blah b;ah

Introduction Some key points All environmental analysis needs rigorous microeconomic foundations Policy analysis must address trade-offs between environmental and other economic objectives. Can we ‘mainstream’ environmental policy? Esp. How do we define and measure ‘welfare’? Economy-wide and AGE models are key tools A common language with economic policy makers But cannot teach implementable AGE in 4 days!

Goals/overview of topics Introduction Goals/overview of topics I. Development-environment interactions II. General equilibrium approaches—theory III. Applied general equilibrium analyses of trade, policy reform and the environment IV. Analytical extensions and policy issues V. Global issues and national responses

Sources and suggested reading Introduction Sources and suggested reading

I. Development-environment interactions Introduction I. Development-environment interactions

II. General equilibrium approaches—theory Introduction II. General equilibrium approaches—theory

III. AGE analysis of trade, policy reform and environment Introduction III. AGE analysis of trade, policy reform and environment

IV. Analytical extensions and policy issues Introduction IV. Analytical extensions and policy issues

V. Global issues and national responses Introduction V. Global issues and national responses

Proposed assessment Day 2: test reviewing duality and GE concepts. Introduction Proposed assessment Day 2: test reviewing duality and GE concepts. Day 3: test reviewing analytical (low-dimension) GE models. Day 4: Review an AGE application (case study) and report findings to class.