ECON 440 Special Topic: Environmental and Natural Resource Economics

18 points. Semester 2.

Overview

"Overwhelming environmental and resource problems now facing humanity are the result of economically rational individual decisions made every day by each and every one of us." (C.W. Clark, Mathematical Bioeconomics, 2005, p.v). This paper deals with the approach economists take to rising global environmental problems, such as declining biodiversity and the overexploitation of natural resources. Environmental economics concepts, such as externalities and tradeable pollution permits, will be discussed but emphasis is placed on the bioeconomic principles underlying the exploitation of renewable resources, mainly fisheries.

Paper Co-ordinator

To be advised.

Prerequisite

ECON 371

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