The impact of climate change as examined through economic thinking and research. Social and economic outcomes, social cost of carbon, policies to mitigate or adapt to climate change, and climate justice. Prerequisites: One of ECON_V 301, ECON_V 304, ECON_V 315, COMM_V 295 or FRST_V 318; and one of ECON_V 326, ECON_V 328, STAT_V 306, or FRE_V 326.

Economic analysis of taxation. Equity, efficiency, and incidence of government revenue sources such as personal and corporate income taxes, sales taxes, property taxes, payroll taxes, and environmental taxes. Prerequisite: One of ECON 301, ECON 304, ECON 315, COMM 295 and one of ECON 302, ECON 305, ECON 309.

Industrialization of an agrarian economy; how the West grew rich; history of Japanese development; technical progress and growth; evolution of the patterns of income distribution; role of international trade in development; environment and development. Prerequisite: One of ECON 301, ECON 304, ECON 315, COMM 295.

Economic analysis applied to problems of land use. Rent theory. Land valuation. Land conservation. Techniques for assessing economic efficiency of land use. Effects of institutions and public policies on land use. Credit will be granted for only one of ECON_V 374 or FRE_V 374. Prerequisite: One of ECON_V 101, ECON_V 310. Equivalency: FRE_V 374.

Techniques and problems in benefit-cost analysis of public projects. Examination of alternative approaches to public decision-making such as cost-effectiveness analysis and multiple-objective frameworks. Case studies of projects in the areas of natural resources, the environment, human resources, public services, and transportation. Prerequisite: One of ECON 101, ECON 310.