Environmental Economics and Policy

Advanced treatment of environmental economics covering conceptual and empirical methods to analyze environmental issues, including market failures, pollution levels, and policy design.

offering recorded3 credits
Recorded instructors · Spring 2027 Daniel Phaneuf3.9/5

Summary

What you’ll be able to do

  • Describe how pollution causes markets to fail to deliver economically efficient outcomes.

  • Explore the benefits and costs of proposed environmental policies.

  • Evaluate readings on topics in environmental economics and policy.

  • Assess the range of policy tools used to regulate pollution using efficiency and equity criteria.

  • Apply revealed and stated preference nonmarket valuation techniques to measure the demand for environmental quality.

  • Construct policy recommendations for specific environmental issues in an area of interest.

Source: UW Guide

Grade history

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Prerequisites

Course map

ECON 301 and (STAT 301, 371,ECON 310,SOC/​C&E SOC 360,PSYCH 210, or GEN BUS 307), or graduate/professional standing

AAE 433

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Prerequisite text tree

Professors

Spring 2027
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About this rating

Raw average: 4.38/5 from 8 quality ratings. The adjusted rating blends this with the UW review average (3.66/5), weighted as 20 additional ratings. Smaller samples stay closer to that average. Each captured review is counted once in the prior; this does not correct who chooses to leave a review.

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Historical instructors & teaching patterns

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Calendar & sections

Spring 2027

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SectionModeEnrolled / capacityWaitlist
LEC 001Classroom Instruction0 / 400

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Student experience

the class

An advanced treatment of environmental economics, focusing on the conceptual and empirical methods that economists use to analyze issues related to the environment. Topics include environmental market failures, the efficient level of pollution, the design of environmental policy, measuring the demand for environmental quality, and distributional issues related to pollution. Specific problems such as air and water pollution and climate change will be discussed in both domestic and international contexts. Gain a set of tools to rigorously evaluate a range of real-world environmental problems through the lens of economics.

difficulty & workload

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Topics

  • Environmental market failures, efficient pollution levels, policy design, demand for environmental quality, and distributional issues.
  • Air and water pollution, and climate change in domestic and international contexts.

Skills

  • Cost-benefit analysis of environmental policies and rigorous evaluation of real-world environmental problems.
  • Application of revealed and stated preference nonmarket valuation techniques to measure demand for environmental quality.
  • Construction of policy recommendations for specific environmental issues.

Grades

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Sources & history

UW–Madison

Catalog & offerings

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Selected offering source records
AAE 433 · Spring 2027

Environmental Economics and Policy

Recorded 2026-10-14
Raw records
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    "course_id": "AAE 433",
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    "term_id": "1274",
    "source_course_id": "027498",
    "source_subject_id": "108",
    "title": "Environmental Economics and Policy",
    "credits_min": 3,
    "credits_max": 3,
    "typically_offered": "Not Applicable"
  }
]
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Model outputs & technical records
Qwen/Qwen3.8-27B
LLM outputs across runs
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Model & dataset provenance
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