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The Economics of Water

Water is different – and more difficult – than electricity or any other basic need: the differences are driven by the economics of water COURSE NUMBER: SOS 598 COURSE TITLE: The Economics of Water LEVEL: Graduate SCHOOL: School of Sustainability INSTRUCTOR: Michael Hanemann MODE: Online Zoom lectures SEMESTER: Spring 2021 SESSION: C Sign up through the ASU course catalog: https://webapp4.asu.edu/catalog/ DESCRIPTION I want you to understand how water is supplied and how water is used and the distinctive economic challenges underlying this. How water is provided and how it is used is everywhere shaped by the legacy of past infrastructure, past technologies, past institutions, and past laws. Those factors – technology, institutions and law – were shaped by economics at the time and, in turn, shape today’s economics of water. People talk about needing vision, imagination and leadership to deal with looming water crises. We do need those things – but, for that to work, you also need to understand the underlying economics and know how to develop economically sustainable solutions. KEYWORDS Water crisis, institutions, laws, supply, demand, water economics, sustainability