This is a course that will study the economic thought process as applied to natural resources and the environment. Our study will fall into three basic categories and the course will be broken into three corresponding blocks. The first block will introduce and elaborate the microeconomic and macroeconomic principles and theory that apply to the study of the environment and natural resources. This section will include the concepts of equilibria, efficiency, and equity. The second block will concentrate on applying the economic theory developed in the first block to exhaustible and renewable natural resources. The third block will apply our new understanding of the environmental economics to the problems of economic growth and development. (Note: dropped to add SS464 Homeland Security, 2006-1)
