NATURAL RESOURCE ECONOMICS
(objectives)
IN NATURAL RESOURCE ECONOMICS WE WILL STUDY A WIDE RANGE NATURAL RESOURCE ALLOCATION PROBLEMS. THE COURSE INTRODUCES STUDENTS TO THE PRINCIPLES, REASONING, AND TECHNIQUES REQUIRED TO SET-UP AND SOLVE THESE ALLOCATION PROBLEMS. POLICY WILL SERVE AS BOTH AN INPUT AND AN IMPLICATED OUTPUT OF THIS APPROACH. THE ECONOMIC TOOLS DEVELOPED ARE APPLIED TO RENEWABLE RESOURCES, EXHAUSTIBLE RESOURCES, WATER, CONSERVATION PLANNING, AND OTHER CONTEMPORARY PROBLEMS. THE FIRST PART OF THE COURSE IS DEVOTED TO LEARNING THE BASIC PRINCIPLES AND TOOLS REQUIRED TO ANALYZE NATURAL RESOURCE MANAGEMENT PROBLEMS. THE SECOND PART CONSISTS OF SEVERAL CASE STUDIES OF CONTEMPORARY RENEWABLE AND NON-RENEWABLE NATURAL RESOURCE PROBLEMS.
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