Course Outline and Syllabus for Economics 309 -- The Economics of a Sustainable Society

Professor Steven C. Hackett
Humboldt State University Spring 2007

 

Office, Contact, and Other Information:

Learning Objectives:

  • Master economic fundamentals.
  • Investigate what is meant by sustainability as an ethic and as a policy standard.
  • Understand the interrelationships between sustainability and factors such as income, poverty, educational attainment, empowerment of women and ethnic minorities, international trade, population growth, and taxes.
  • Evaluate policy proposals such as microcredit and ecological tax reform.
  • Understand the role of discounting in formulating policies affecting future generations, and evaluate the question of whether discounting can be made consistent with sustainability.
  • Evaluate the characteristics and performance of past forms of economic development assistance programs, and develop a theory of sustainable economic development.
  • Critically assess various methods for measuring progress toward more sustainable economic development.
  • Investigate issues associated with more sustainable production and consumption.
  • Consider in detail the problem of moving toward more sustainable local economic development, utilizing both economic models of local economic development, and case studies (such as certified sustainable forestry) involving more sustainable or conservation-based development.
  • This is a Communication and Ways of Thinking (CWT) upper-division General Education (GE) course that can be used to meet the upper division area D requirement. You can only use one CWT course in the upper division GE component of your baccalaureate. Consistent with the HSU General Education CWT designation, students will further develop their ability to think critically and communicate clearly and effectively. You will learn methods of economic analysis related to sustainability, how to apply those methods to draw conclusions, and how to communicate your analysis through oral presentations and written reports. You will expand your understanding of how people interact in an economy, and how the economy exists in a broader environmental and social context. Emphasis will be placed on helping you relate what you learn in class to "real world" applications.

Textbook : (required) Hackett, Steven C. Environmental and Natural Resources Economics: Theory, Policy, and the Sustainable Society, 3rd edition. (New York: M.E. Sharpe, 2006). 

 

Note: In addition to lecture/discussion and examinations, there is an additional project:

Country Report: Each student will produce a written and oral country report. Students will submit a rank-ordered wish list of at least 5 countries (list must contain at least one country from Africa, one country from Asia, and one country from Central/South America/Caribbean Basin) by Tues 31 January 2006. I will attempt to honor requests from these lists, and will assign each student a country no later than Tues 07 February 2006. In order to receive a passing grade, each country report must have (i) analysis of a minimum of six separate sustainability indicators (drawn from http://www.humboldt.edu/~envecon/econ_309/Econ 309 Indicator List.htm) that span the three pillars (economy/community/environment), (ii) the country’s experience with structural adjustment or development (if available), (iii) analysis relating to the economics of sustainability for that country, (iv) appropriate tables and figures, and (v) content and writing of acceptable quality and sophistication, utilizing at least 5 authoritative sources (Wikipedia does NOT count as an authoritative source for your report).

Written country reports will have the following format: 1. Cover page with country name, your name, course name and number, and date. 2. FOUR to FIVE double-spaced pages of narrative (fewer pages = lower grade, more pages = lower grade). Narrative must be double spaced in at least 10 font or larger, be in the student’s own words, must show a sophisticated interpretation and analysis of the sustainability indicators addressed in the report (including trends over time), and must have all information sources fully cited in the narrative and in a list of sources at the end of the report. 3. Quality diagrams and tables, with information sources listed in a footnote to each. 4. List of sources cited. 5. No plastic covers, just white paper stapled in the upper left hand corner. Your written country report grade will be based on (i) the sufficiency, quality and sophistication of content and (ii) the quality of writing (i.e., a well-organized and coherent report with appropriate subsections, good sentence and paragraph structure, no grammatical or typographical errors, clear exposition, and depth and breadth of coverage).

Brief oral country report presentations: You will also present this research to the class in a brief summary analysis in the last few weeks of the semester as indicated in the calendar below. Students in the 8:00 class will have approximately 20 (if 3 presenters on a given day) to 25 minutes; students in the 9:30 class will have approximately 15 (if 4 presenters on a given day) to 20 minutes. Your oral country report presentation grade will be based on (i) the same sufficiency, quality and sophistication of content outlined above, as well as (ii) presentation quality and mechanics (i.e., being well-paced, clear, coherent, making use of visuals such as handouts, posters, transparencies, displays, chalkboard, and/or PowerPoint (if you use this, it must be loaded and ready to go before your talk), making good use of your available time without running over (!), and engaging and interacting with the audience through the use of questions, role-play, handouts, or some other simple interactive element).

Topical Outline and Course Calendar:

Part I: Introduction, Economic Foundations

Week 1: 15-19 Jan

    • Course introduction, review of syllabus. Discussion of assignments. Discuss indicators. Students read chapters 1 and 2 for Thursday.
    • Discuss key highlights of Chapters 1 and 2. Students read chapter 3 for Tuesday.

Week 2: 22-26 Jan

    • Address supply/demand model, requirements of a well-functioning competitive market (Chapters 3 of Hackett textbook)
    • Discussion: “Free” trade and globalization: cheap goods, globalized labor markets & immigration, downward pressure on wages. Who are the winners and the losers? How to strike the right balance?

Week 3: 29 Jan-2 Feb

    • Discussion: Cheap energy and global warming. What can we do to stabilize the climate? What are the costs? What are the different ways we can assign a price to carbon, and what are the impacts? COUNTRY WISH LIST due Tues 31 Jan (rank-ordered list of at least 5 countries (list must contain at least one country from Africa, one country from Asia, and one country from Central/South America/Caribbean Basin)
    • How do we evaluate the economics of renewable energy or energy efficient technology? RANDOM DRAWING FOR PRESENTATION DAYS

Part II: Thinking Globally

Week 4: 5-9 Feb

    • Introduction to sustainability (Chapter 12 of Hackett textbook)
    • Understanding interdependencies and thinking long term (Chapter 13 of Hackett textbook). Agrarian transition and the relationship between income, poverty, economic growth, and sustainability. What is the role of remittances? For next class period: Read first part of Ch. 13 and read Read Lynch et al. http://www.bmj.com/cgi/content/full/320/7243/1200 and be prepared to discuss.

Week 5: 12-16 Feb

    • Understanding interdependencies and thinking long term (Chapter 13 of Hackett textbook). Education, empowerment, and justice as they relate to sustainability. Measurement of income inequality. Discussion of the relationship between income inequality and human health/mortality. Introduction to microcredit as an empowerment policy.
    • Microcredit application--HSU Video 6379, Small Fortunes: Microcredit and the Future of Poverty. Discuss: What are the primary goals and common elements of successful microcredit systems? What is the role of the lending circle? Why can’t conventional credit reach those targeted for microcredit?

Week 6: 19-23 Feb

    • Understanding interdependencies and thinking long term (Chapter 13 of Hackett textbook). Discussion of international trade and its relationship to sustainability.
      *** ASSIGNMENT: Review the WTO summary for the case of: United States — Import prohibition of certain shrimp and shrimp products, (especially from page 40 to the end); if possible, read 1998 Appellate Body Report, and prepare to discuss in class. URL: http://www.wto.org/english/tratop_e/dispu_e/cases_e/ds58_e.htm
    • Understanding interdependencies and thinking long term (Chapter 13 of Hackett textbook). Discuss WTO and sustainability, with emphasis on the shrimp/TED case.

*** ASSIGNMENT: Carefully read the “thinking long-term” material at the end of Chapter 13

Week 7: 26 Feb-2 Mar

    • Understanding interdependencies and thinking long term (Chapter 13 of Hackett textbook). Discuss demographic transition. Visit http://www.census.gov/ipc/www/idbpyr.html and discuss population pyramids.
    • Understanding interdependencies and thinking long term (Chapter 13 of Hackett textbook). Discuss discount rates and sustainability (thinking long-term).

Week 8: 6-9 Mar

    • Sustainable economic development (Chapter 14 of Hackett textbook). Discuss strong vs. weak sustainability. COUNTRY REPORT OUTLINE due 8 Mar. One page, outline format; your name, course, country assigned, major subsections and key elements, names of indicators to be used.
    • Sustainable economic development (Chapter 14 of Hackett textbook). Discuss various sustainability indicators, in particular the Genuine Progress Indicator and the Ecological Footprint http://www.rprogress.org/publications/2006/Footprint%20of%20Nations%202005.pdf. If time permits, watch and discuss HSU video 6370, The Ecological Footprint: Accounting for a Small Planet.

***Spring Break, 12-16 March***

Week 9: 19-23 Mar

    • Sustainable production and consumption (Chapter 15 of Hackett textbook).
    • Sustainable production and consumption (Chapter 15 of Hackett textbook). Discuss policy measures such as ecolabels, ecological tax reform, etc. Link to Chapter 11 of Eco-Economy book by Lester Brown and compare/discuss [http://www.earth-policy.org/Books/Eco_contents.htm]

Part III: Acting Locally

Week 10: 26-30 Mar

    • The economics of more sustainable local community development (Chapter 16 of Hackett textbook). Discuss CPR's and local self-governance.
    • The economics of more sustainable local community development (Chapter 16 of Hackett textbook). Discuss the model of the local economy, economic impact, the economic base, import substitution, and sustainability.

Week 11: 2-6 April

    • SEMESTER EXAM Tues 3 April 2006

Part IV: Student Presentations

Thurs Week 11, all of weeks 12, 13, 14, and Tues of Week 15 (5 April - 01 May)

    • ORAL COUNTRY REPORT PRESENTATIONS (10 min each). WRITTEN COUNTRY REPORTS due Thurs 05 April 2006.

Thurs Week 15 (03 May)

    • Final exam review, last words, course evaluation

Week 16: (7-11 May)

    • COMPREHENSIVE FINAL EXAM: 8:00 class final is Tues 08 May @ 8-9:50 am. The final for the 9:30 class is Thurs 10 May 8-9:50 am.  

 

Policies, Procedures, and Responsibilities

My responsibility as professor is to lead and motivate students who are committed to the learning process, and to determine the extent to which students have mastered the material covered in this course. I aim to be courteous, respectful, and responsive to student needs. Grades are assigned based on my professional judgment of the quality of your work and are not subject to negotiation. Students are responsible for their learning outcomes and their performance on all assignments. Students are expected to attend class regularly and on time, are expected to be active learners who contribute to the classroom discussion, and are expected to be courteous and respectful of others. Coming to class late is unacceptable. Leaving the room during class is disruptive. Use the restroom before class starts. Turn your cell phones off during class. University protocol is such that you are supposed to contact me first if you have a problem or a conflict relating to the course. I will not accept any material handed in late – all late and missing work will receive a 0 (on a 0 – 100 scale). I will not provide make-up exams, alternative projects, extra credit projects, or make-up times for missed presentations. The optional final exam is the All of us are subject to HSU and CSU policies, which include nondiscrimination, academic honesty, student discipline, reasonable accommodation for people with disabilities, and family educational rights and privacy.

While it is important to be clear on these points, the overwhelming majority of us understand how to act appropriately in the classroom. It is my goal to create a friendly, inclusive, and rigorous classroom culture in which everyone is welcome to comment and contribute, and in which diversity is respected. I want this to be a class that we all look forward to attending, and that we can look back upon as having been a very positive experience.

Grading:

Country Report Outline (5 points): Due date shown in course calendar.

Semester Examination (30 points): You will have one semester examination as shown in the course calendar. You can review old exams with answers on the Internet.

Written Country Report (30 points): This is described in the text box near the top of the syllabus document. Due date shown in course calendar.

Oral Country Report Presentation (30 points): Date and time assigned to you. Note: The final exam cannot replace your oral presentation grade.

Class Participation (5 points): Addresses class attendance and participation, including any written in-class problem-solving exercises homework that is turned.

Optional Comprehensive Final Examination (30 points): The final exam is optional, and can be used to replace your grade on the semester exam or the written country report. This is the only opportunity provided in class to make up for missing an assignment. You can elect not to take the final exam if you are satisfied with your scores. Your final exam score will only count if it exceeds your lowest score from the following: the semester exam, the written country report, or the oral country report. Date and time shown in course calendar.

Final Grade:

On each graded element above you will get a score equal to the percentage of the available points that you received. I will sum these points to get your course numerical score. The course numerical score will then be converted into a letter grade based on the following scale:

100 - 93: A
92.99 - 90: A-
89.99 - 88: B+
87.99 - 83: B
82.99 - 80: B-
79.99 - 78: C+
77.99 - 73: C
72.99 - 70: C-
69.99 - 65: D+
64.99 - 60: D
59.99 - 0: F