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EC 318

Natural Resource Economics

Economic theory is applied to the problems of extraction of non‐renewable resources (minerals, fossil fuels)and the management and harvesting of renewable resources (fisheries, forests, water). Topics include externalities (esp. common property resources), analysis of public good provision (applied to wilderness preservation), and water allocation and pricing. Optional topics include issues of natural resource scarcity and sustainability. Prerequisites: EC120, EC140 one of EC260 or EC270. Exclusion: EC218.

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Schedule

Prerequisites

(EC 120 (Min. Grade D-) or EC 101W (Min. Grade D-) ) and (EC 140 (Min. Grade D-) or EC 102W (Min. Grade D-) ) and (EC 260 (Min. Grade D-) or EC 270 (Min. Grade D-) )

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Restrictions

Must be enrolled in one of the following Levels:Undergraduate (UG)Must be enrolled in one of the following Majors:Applied Economics (APEC)Economics and Accounting (ECAC)Economics and Financial Mgmt (ECFN)Economics (ECON)Cannot be enrolled in one of the following Year Levels:Year 1 (1)