Natural Resource Economics. Wednesday, January 11. Natural Resources. Land Minerals – iron, quartz, potash Energy – petroleum, coal Water Forests Fisheries Biodiversity. Natural Resource Economics is about:. Resource Adequacy Resource Scarcity
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Wednesday, January 11
GDP Gross Domestic Product
What are the implications of mining for oil in a remote wilderness area?
Should Great Lakes water be sold to Texas or California?
How many fishers should be allowed access to a particular fishery and should their catches be limited?
What difference does clean water make to the economic climate of a state or region?
Should land be set aside as open space or for agriculture or for recreational uses?
Assignment for Wednesday, Jan. 19 wilderness area?
Read “The Return of Malthus’ Ghost”