ECON30523

Prerequisites: ECON 30223 or 31223 for economics majors; ECON 10223 for all others. This course examines issues regarding the use and management of natural resources from the perspective of economics. Topics include the valuation of natural resources, efficient extraction models for non-renewable resources, efficient allocation of water and land, and sustainable development of fishery. This course will also explore issues in energy economics, including the market structure of oil and natural gas, the environmental impacts of energy use, and the transition to renewable energy sources.