AREC785

Advanced Economics of Natural Resources

Prerequisite: Permission of AGNR-Agricultural & Resource Economics department; or (ECON603 and AREC623). Cross-listed with ECON785. Credit only granted for: AREC785 or ECON785. The use of exhaustible and renewable natural resources from normative and positive points of view. Analysis of dynamic resource problems emphasizing energy, mineral, groundwater, forestry, and fishery resources; optimal, equilibrium, and intergenerational models of resource allocation.