Olivia shares a Shitt's Creek example to explain coase theorem. Ewwww, David!

Define externality, market failure, transaction costs, monopoly, greenwashing, and green certification

Provide examples or hypothetical scenarios of the market response model, Coase Theorem, and Cap and Trade 

Identify real-world examples market-based solutions to environmental problems and policies related to those solutions

Critically analyze the implicit assumptions of real-world market-based solutions to environmental problem s, and explain if and in what ways they are misguided

Corresponds to content in  Robbins, P., Hintz, J., & Moore, S. A.  (2014). Environment and  society: a critical introduction. John Wiley  & Sons.

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