Water Economics
This course provides an introduction to economic theory and approach as applied to water management. It is for professionals in water-related fields with no prior economic background.
For whom?
The course is designed for professionals in water-related fields without prior economic background, with the purpose to provide an economic foundation for water management.
Prerequisites
Preferably a relevant water science or management related Bachelor degree, some experience in the water sector, good command of the English language.
Learning objectives
- 4. Conduct economic analysis of water related decision-making
- 1. Describe the principles of economics and efficiency concept and relevance to water management
- 3. List and review economic instruments for water management
- 2. Characterize and explain water resource issues using economic concepts and theory
Course content
The course will first layout the policy context for water economics, i.e., why is economics relevant and important for water management, through cases and examples in which economics can play or have played a role. The course will then introduce economic principles, concepts, and theory to build economic foundation for understanding water issues. Based on the economic foundation, the course will further elaborate on and synthesize economic approaches to managing water, including quantity and price based policy instruments, institutional role, and benefit-cost analysis.
The course will also cover economic valuation of water uses and decision-making context. As part of the course, a roleplay game will be conducted with course participants to help understanding of water resource management in the real world. Group work, presentation, and individual assignment will be part of learning process to improve understanding.
Course Coordinator
Yong Jiang
Associate Professor of Water Resources Economics
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