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Nov 23, 2024
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AREC 670 - Advanced Topics in Natural Resource Economics3 Credit Hours
Applications of microeconomic theory to the use, allocation and control of scarce, exhaustible, and renewable natural resources, including soil, water, minerals, forests, and fish, in both static and dynamic contexts. Optimal control theory, dynamic programming, supply of, and demand for, natural resources, social versus private decisions, market and non-market considerations, regulation, uncertainty, property rights, equity considerations, and landscape pattern and change.
Recommended Background: Advanced microeconomics course.
Registration Restriction(s): Minimum student level – graduate.
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