An economic perspective on the management of env. resources. Conceptual topics emphasized include env. externalities, market failure, public goods, sustainability, and benefit-cost analysis. Applications illustrate the role of price signals in energy choices, managing renewable resource use over time, use of marketable pollution permits to encourage voluntary reductions in air and water pollution, and the political economy of env. policy formulation. Case studies examine carbon trading and taxes to address climate change, and economic incentives and values for biodiversity conservation. Open to Duke Environmental Leadership Master of Environmental Management students only. Department consent required for all other students. Online course. Instructor: Holmes