ECON 4327 - Natural Resource Economics 3 s.h.

This course provides an introduction to issues specific to natural resource economics. The goal will be to develop and apply economic reasoning to resource use and management. Topics covered include measuring the costs and benefits of resource extraction and use (in theory and in practice); optimal extraction rates; market failure; and policies for renewable and non-renewable resources. The course will have both a global and regional focus, and emphasis will be placed on the evaluation of policies from economic and environmental perspectives. A-E Only. Offered every other year.
LA
Prerequisite(s): ECON 3211 or [ECON 3227 and (MATH 1050 or MATH 2230 )].