ECON 637 - Economics of Natural Resources

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This course examines the role of economics in developing policy toward the use and management of natural resources. The theory of optimal management of resources is explored, including applications to both renewable resources such as wind energy and water resources and non-renewable resources such as fossil fuels. Current and alternative policy options toward resource use are explored. Other topics include the importance of ownership rights over resources and tradeoffs between current and future generations in the use of resources.