This text is a comprehensive examination of the economics of using natural resources in the modern economy.
Presenting Economic concepts essential to examining how resources can be sustained, extracted and harvested, extensive
use is made of diagrams and accompanying algebraic models.
Emphasis is on modeling of natural resource use and policy implication that flow from the models.
All key natural resources are examined: land, fisheries, air, water, oil, natural gas, minerals, forestry.
Rich in pedagogy with extensive use of graphical techniques, frequent cases and boxes with current data and topical
natural resource issues.
Table of Contents
Part I: Approaching the study of natural resource economics.
1. Economic concepts for examining natural resource use.
2. Sustainability and natural resource scarcity.
Part II: Use of static or steady state models to examine natural resource use.
3. Land and water use.
4. The economics of the fishery: an introduction.
5. Regulation of the fishery.
6. An introduction to environment resources: externalities and pollution.
7. Pollution policy in practice.
Part III: Natural resource use in an inter-temporal setting.
8. Non renewable resource use.
9. Advanced topics in non renewable natural resource use: Market structure and uncertainty.
10. Forest use.
11. Dynamic models of the fishery.
12. The economics of sustainability.
