Introduction.- PART I THE ENVIRONMENTAL MOVEMENT.- Differing Views on the Environment.- The International Dimension of the Environment.- PART II THEORETICAL ENVIRONMENTAL ECONOMICS.- Basics of Environmental Economics.- Allocation Problems in a Market Economy.- The Internalization of External Effects.- Public Goods in Environmental Economics.- PART III ENVIRONMENTAL POLICY.- From Theory to Policy: Information Deficits.- Command-and-Control Policy.- The Price-Standard Approach to Environmental Policy.- International Environmental Commodities and the Principal-Agent-Approach.- Holistic Environmental Policies.- PART IV THE ENVIRONMENT IN THE GLOBALIZED WORLD.- Trade and the Environment: The Legal Context.- Overfishing.- Integration of Trade and the Environment.