ECON 472 Interm N R Econ Michigan

Why Study Natural Resources and Environment? James Gustave Speth: Red Sky at Morning: American and the Crisis of the Global Environment \"Red sky at morning, sailors take warning; red sky at night, sailors delight.\" Speth\'s environmental credentials:

NR Econ Lecture 2. Topics today: 1. Economic welfare: review and extensions to scarcity rent 2. Module II: Land Use A. Introduction B. Model 1: Heterogeneous Quality and Ricardian Rents C. Empirical Application: The Projected Impact of Global Warming

Transition: Ricardian Rent, Global Warming, and African Agriculture Global Warming and African Agriculture Results from a study of 11 African countries North Africa: Egypt Southern Africa South Africa, Zambia, Zimbabwe East Africa Ethiopia,

NR Econ Lecture 4. Topics today: 1. Module II: Land Use Model 2: Location and Land Use Ideas: - homogeneous land quality with variation in location - von Thunen rent: an economic rent earned by spatial variation or location of a resource Johann vo

NR Econ Lecture 5 Topic today: Green Cities: Urban Growth and the Environment, by Matt Kahn - Measuring Urban Environmental Quality (Chapter 2) - Spatial Growth: The Environmental Cost of Sprawl in the United States (Chapter 7) Chapter 2: Measuring

NR Econ Lecture 6 Today\'s two topics 1. Math tool: constrained optimization 2. Module III: Water Use Constrained optimization (the method of Lagrange) Calculus technique for solving constrained optimization problems Utilize basic rules of differe

NR Econ Lecture 7 Module III: Water Use Application: California\'s Central Valley Project Central Valley Project (CVP) Huge water storage and supply project constructed by the Bureau of Reclamation Authorized in 1935; constructed in stages over ne

NR Econ Lecture 8 Today\'s topic Module III: Water Use Model 2: Market Allocation of Water Empirical Application: Colorado River Water Allocation Module III: Water Use Western United States (arid region of U.S.) Problems in the Economics of Water

NR Econ Lecture 9 Excel\'s Solver Solver: mathematical software for solving constrained optimization problems Motivation: how do we solve problems like that of the Colorado River water market, in which water must be allocated to 15 distinct sectors?