ECON125 PO

Natural Resource Economics and Policy. Positive and normative economic analysis of natural resources and the institutions governing their uses. Covers economic theory of non-renewable and renewable resources; tragedy of the commons; mineral depletion; recycling; water allocation; fisheries; agriculture; forestry; land use policies; valuation of ecosystem services; international resource treaties; biodiversity and species extinction; wilderness and habitat preservation; population economics; and economic growth and sustainability. Letter grade only. Prerequisite: 52.