The use of exhaustible and renewable natural resources from normative and positive points of view. Analysis of dynamic resource problems emphasizing energy, mineral, groundwater, forestry, and fishery resources; optimal, equilibrium, and intergenerational models of resource allocation.
Also offered as AREC785. Credit will be granted for one of the following: AREC785 or ECON785.

Prerequisite: ECON603, ECON604, and ECON624.
Credits: 3
Grading Method: Regular, Audit