Natural Resource Economics

Three credits · Undergraduate

Examines the role of natural resource industries in the Canadian and world economies, including minerals, oil and gas, forest resources, fisheries, and water resources. The course introduces students to the use of economic tools in analyzing problems of renewable and non-renewable resource management. Topics include welfare and inter-temporal analysis of resource exploitation; ownership and property rights issues in resource use and management; externalities; biodiversity conservation; and sustainability. Prerequisites: ECON 201; MATH 106 or 126 recommended. Three credits.