ECON S4625 Students on a field trip to the Lower East Side Ecology Center

Environmental Economics

ECON S4625, Columbia University

Environmental Economics is one of my favorite courses to teach. When I taught the course in the summer of 2017, I was able to use New York City as a backdrop to the issues and models we were learning in class. For example, we visited the Lower East Side Ecology Center to learn more about the causes of water pollution and the value of the ecosystem services provided by estuarine organisms. Our trip inspired term projects on estimating the hedonic disamneity value of waste water treatment plants and the costs and benefits of adaptation strategies against sea level rise in Lower Manhattan. Who said that economics can only be taught in the classroom?