EEP 101/ ECON 125 Economics of Resources and the Environment

1. EEP 101/ ECON 125Economics of Resources and the Environment Professor David Zilberman Department of Agricultural and Resource Economics University of California, Berkeley

2. 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/ )

3. 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: zilber@are.berkeley.edu

4. The Professor

5. 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.

6. GSIs • Kristin Kiesel • Office: Giannini 308 • Office Hours: TBA • Phone: 643-5413 • E-mail: kiesel@are.berkeley.edu • Sections: 101 and 102 • Anin Aroonruengsawat • Office: Giannini 325 • Office Hours: TBA • Phone: (510) 643-5415 • E-mail: anin@are.berkeley.edu • Sections: 105 and 106

7. 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

8. 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.

9. 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

10. 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

11. 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

12. Special Issues • Water • Climate Change • Pesticides • Biotechnology • Environmental Services • Animal Waste