Università Roma Tre

Section 1: Analytical techniques and modeling
- Modeling, definitions
- Basic concepts
- Solving numerical allocation problems
- Optimal control theory
- Phase diagrams
Section 2: Principles of natural resource economics and policy
- Non-renewable resources and stock pollutants: dynamics and regulation
- Fundamentals of renewable resource economics
- Fisheries and forests: optimal harvesting, stock recovery, and assessing extinction risk
- Decision making under uncertainty and option value
Section 3: Case studies and special topics
- The case studies change from year to year depending on current issues and on student interest

Teaching material
Lecture slides and other teaching material will be downloadable from the course website.
Textbook (required)
J. M. Conrad, Resource Economics, 2nd Edition 2010, Cambridge University Press, Paperback ISBN: 9780521697675, Chapters: 1 – 3 – 4 – 5.

Other textbooks (optional)
Jonathan M. Harris, Brian Roach, Environmental and Natural Resource Economics: A Contemporary Approach, Taylor & Francis Ltd 2017
C.W. Clark, Mathematical Bioeconomics. The Optimal Management of Renewable Resources, John Wiley & Sons, 1990 (for advanced students)