Microeconomics With Natural Resource Applications
NRE 570
Credits: 3
Prerequisites: Graduate Standing or Permission of Instructor.

Develops the tools of microeconomics at an intermediate level. Supplementary materials highlight relevance of course concepts to natural resource and environmental issues. Emphasis is on skill development for natural resource policy analysis. Applications include oil cartels, forestry, common property fisheries, valuation of recreational sites, irreversible development projects, and below-cost timber sales.