Natural Resource Economics
Natural resource economics focuses on the allocation of depletable and renewable resources including static and dynamic efficiency. This course will first start from the definition of sustainability. Secondly, discusses the property rights, the population problem, and the models of depletable and renewable resources. Finally, introduces energy, recyclable resource – minerals, paper, bottles, and E-waste, replenishable but depletable resources – water, land, reproducible resources – agriculture, storeable and renewable resources – forests, common-pool resources – fisheries and other commercially valuable species, respectively.