Required for : MMA, MA, PhD

Typical Semester : Spring

Typically Taught By : Hiro Uchida

 Covers economic principles related to the use and management of natural resources. Topics include scarcity, valuation, property rights, and policy tools for managing renewable and non-renewable resources.

 This course examines a broad range of issues related to the use of natural resources, applying microeconomic theory, economic reasoning, and techniques to natural resource allocation problems. The economic tools are applied to renewable and non-renewable resource problems, including the problems of fisheries overexploitation, excessive forest harvesting, competition over land and water, and energy resources. The course also examines the economic rationale for government intervention in the market’s provision of natural resources and evaluates alternative methods for regulating the use of selected natural resources.