Economic theory is applied to the problems of extraction of non‐renewable resources (minerals, fossil fuels)and the management and harvesting of renewable resources (fisheries, forests, water). Topics include externalities (esp. common property resources), analysis of public good provision (applied to wilderness preservation), and water allocation and pricing. Optional topics include issues of natural resource scarcity and sustainability. Prerequisites EC120, EC140; one of EC260 or EC270. Exclusions EC218.
