1. What is Environmental Economics? -- 2. The Economy and the Environment -- 3. Benefits and Costs, Supply and Demand -- 4. Economic Efficiency and Markets -- 5. The Economics of Environmental Quality -- 6. Frameworks of Analysis -- 7. Benefit-Cost Analysis: Benefits -- 8. Benefit-Cost Analysis: Costs -- 9. Criteria for Evaluating Environmental Policies -- 10. Decentralized Policies: Liability Laws, Property Rights, Moral Suasion -- 11. Command-and-Control Strategies: The Case of Standards -- 12. Incentive-Based Strategies: Emission Charges and Subsidies -- 13. Incentive-Based Strategies: Transferable Discharge Permits -- 14. Federal Water Pollution-Control Policy -- 15. Federal Air Pollution-Control Policy -- 16. Federal Policy on Toxic and Hazardous Substances -- 17. State and Local Environmental Issues -- 18. Environmental Issues in Other Industrialized Countries -- 19. Economic Development and the Environment -- 20. The Global Environment.

21. International Environmental Agreements.