MASL 504 Economics & Sustainability
Sustainable business applies the foundational microeconomic principles of efficiency and equity to a variety of issues including in business, human management, and environmental. Students will learn to use equilibrium and intertemporal analysis, as well as non-market valuation in the pursuit of an understanding of market successes/failures, optimal resource extraction paths, renewable resources adoption, and environmental/sustainability policy. Students will learn how to conceptualize market failures as they relate to business, the environment, and social welfare. They will also learn how to develop foundational economic modeling skills used to evaluate causes and potential solutions to challenges such as supply and demand, externalities, economic surplus, marginal analysis, and the Coase Theorem.