(3-0-3) Prerequisites: ECON 2105 & 2106, or ECON 2100. A study of how economic forces can lead to environmental degradation and how the same forces can be directed to enhance environmental quality. Topics include resource and environmental valuations, property rights and externalities, market failure, alternative solutions and policies, problems in monitoring and enforcement, economic analysis of the development of legislation and regulation, and applications to current policy issues. (This course is equivalent to ECON 3680).