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MS&E Economics of Natural Resources

Environmental Law: General

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Regulatory & Policy
Environmental Law
General

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Environmental Law: General
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Environmental Law: Conservation & Natural Resources
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Environmental Law: Energy & Climate Change
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Environmental Law: International
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Environmental Law: Pollution/Harms to Public Health
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MS&E 248

Economics of Natural Resources

School of Engineering

Recommended for route(s):

[ Regulatory & Policy ] Environmental Law: General

Why it is relevant for ...

[ Regulatory & Policy ] as a Relevant Course outside SLS for those interested in Economic Policy Analysis : Students considering a career in environmental law and policy will want to take one or more courses focusing on economic and policy tools and decision-making. This course is the first of a two course sequence on the economics of nonrenewable and renewable natural resources, including energy products and services. The course considers market structure, pricing, and performance of important energy and resource industries; sources of market failure in these industries; and alternative regulatory approaches.

General course Description:

Intertemporal economic analysis of natural resource use, particularly energy, and including air, water, and other depletable mineral and biological resources. Emphasis is on an integrating theory for depletable and renewable resources. Stock-flow relationships; optimal choices over time; short- and long-run equilibrium conditions; depletion/extinction conditions; market failure mechanisms (common-property, public goods, discount rate distortions, rule-of-capture); policy options. Prerequisite: 241 or ECON 51.

Course Style: A Substantive course teaches the law, theory, and policy in a particular area of law

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