Teaching Water Economics

Economic theories and tools provide only partial insight into the many complexities affecting various uses and flows of water. To usefully teach water economics, it is therefore necessary to understand and cooperate with other disciplines. Many economic concepts can be used to understand different facets of water (mis)management, but these concepts are often pushed far away from their basic (classroom or textbook) models. Institutions, history and culture play a big role in understanding those deviations and how to address them. Water economics courses can use case studies to organize these complexities and uncover useful results