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ECON 365

Resource Economics

3 units

Fall 2026

Topics

  • Economic efficiency, property rights, and market failure
  • Static and dynamic efficiency in resource allocation
  • Exhaustible resources: extraction, scarcity, and pricing
  • Energy and mineral resources
  • Renewable resources: fisheries and the common-pool problem
  • Forestry and the rotation problem
  • Water allocation and pricing
  • Sustainable development and resource policy

Readings

  • Thomas Tietenberg and Lynne Lewis, Environmental and Natural Resource Economics, 12th Edition, 2024. Natural Resource Economics: The Essentials, 2nd Edition, works as a substitute
    required
Winter 2026

Readings

  • Thomas Tietenberg and Lynne Lewis Environmental and Natural Resource Economics, 12th Edition, 2024. Note that Natural Resource Economics: The Essentials, 2nd Edi- tion works perfectly as a substitute (ask for more details)
    required
Sources