ECON 365 - Agricultural and Natural Resource Economics

This course surveys the broad fields of agricultural and natural resource economics and policy. It examines the central concept of scarcity and how that drives economic value. We explore the concepts of value, efficiency and institutional failure in the management of renewable natural resources including arable land, timber and fisheries as well as of non-renewable resources such as minerals and hydrocarbon fuels. We also investigate agricultural development in the U.S. and what drives technological advancement. Finally, the course assesses the role and efficacy of markets and public policy in managing our natural resources efficiently and sustainably.

Pre-req: ECON 200 and ECON 201.
Cross-listed with ENST 365