Econ 122 syllabus

Econ 122 syllabus - NaturalResourceEconomics...

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Natural Resource Economics Economics 122 / Env. Studies 179 Robert Deacon Fall   2011  Chris Goodwin, North Hall 2053,  Office hours:  M 11:30am-1:30pm in NH 2053 during week of Oct. 3               M 11:30am-1:30pm in SSMS 1303 (computer lab) starting Oct. 10 Rebecca Toseland, North Hall 3053, Office hours: W 4:00-6:00 Phelps 1529 (computer lab)   Sections M 3:00-3:50 Goodwin SH 1430  M 4:00-4:50 Toseland SH 1430  M 5:00-5:50 Toseland SH 1430  M 5:00-5:50 Goodwin PHELP3523 Lectures: T R 12:30- 1:45 LSB 1001  My office hrs.:Tues. 3:00-5:00; 3040 North Hall,  Exams: Midterm: Tues., Nov. 1 (35%)  Final: Mon. Dec. 5, 1:00-3:00 (50%); Review during 12:00-1:00.  (Homework problems count for the remaining 15%)  Course Description : We will examine markets for natural resources, including minerals, fossil fuels, forest resources,  and fisheries. We will also examine economic issues related to biodiversity and deforestation.  Natural resource abundance is determined by physical processes and a general understanding of  these processes is necessary for correct economic analysis. For this reason the study materials  present biological models for fisheries and forests and incorporate geological concepts in  examining minerals. Ownership rights to natural resources often are not clearly defined. In these  cases the interests of some potential resource users will not be reflected in market outcomes and  the scramble to acquire these un-owned assets may be wasteful. Finally, the use of natural  resources is ultimately linked to the release of waste products into the environment, so there are  considerations of environmental degradation. These themes appear at various points in the  course.
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This note was uploaded on 12/26/2011 for the course ECON 122 taught by Professor Staff during the Fall '08 term at UCSB.

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Econ 122 syllabus - NaturalResourceEconomics...

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