ECON 341 - Natural Resource Economics

2021-2022 Catalog Year

Credit(s): 3
Lecture: 3
Non-Lecture: 0
The purpose of this course is to examine how economic analysis helps us understand the problems of natural resource management. We will spend the first weeks of the course reviewing the relevant economic concepts and then apply these to problems associated with different natural resources, including depletable resources, energy, recyclable resources, water, land, forests, and fisheries. We will also talk about ecosystem services and good. Special emphasis is devoted to analyzing the optimal role for public policy. The major objectives are for students to: (1) learn basic economic principles governing the allocation of various categories of scarce natural/environmental resources among competing uses; and (2) gain experience with basic analytical tools useful for applying these principles to real world allocation problems.

Prerequisite(s): ECON 210
Class Restriction: Junior, Senior
Graded: N - Normal