CIVL 673 Economics of Water and the Environment

3 semester hours

Local, regional, and international economics are a fundamental component of water resources and environmental systems and associated management and decision making. This course covers topics on the debt-monetary system; debt financing for environmental projects; bond market; discount rate; and cash flow equivalence and benefit-cost analysis for project alternatives, including net present value, internal rate of return and unit cost. Students incorporate cost and interest rate uncertainty in project valuation studies as well as perform cost effective analysis using linear programming and other tools. Case studies include water treatment facilities, water transfers, and other environmentally focused projects.

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