Professor: Dr. Emi Uchida
Prerequisites: EEC 528 or permission of instructor
Catalog Description: Microeconomic theory applied to problems of natural resource allocation. The rationale for government intervention in the market’s provision of natural resources and alternative techniques for optimally allocated natural resources are investigated.
As the first graduate course in resource economics, this course examines a broad range of issues related to the use of natural resources with a framework that combines microeconomic theory, reasoning, and techniques required to set up and solve natural resource allocation problems. The economic tools are applied to renewable and non-renewable resource problems, including the problems of fisheries overexploitation, excessive forest harvesting, competition over land and water, and energy resources. The course also examines the economic rationale for government intervention in the market's provision of natural resources and evaluates alternative methods for regulating the use of selected natural resources.
The first two-thirds of the course (up to the midterm) is devoted to learning the basic principles and tools required to analyze natural resource management problems. The last third of the course consists of several case studies of contemporary renewable and non-renewable natural resource problems. The last week of the course will be led by students, who will present their term projects.
By the end of the semester students will be able to:
Dr. Uchida is an environmental economist who specializes in the economics of poverty and natural resource management. Her current research interests are in:
She conducts her research in Asia, Africa, and the U.S. and utilizes household surveys, field experiments, spatial data, econometric, and numerical methods.
Natural resource economics is a field in applied economics that aims to address the connections and interdependence between human economies and natural ecosystems. Its focus is in understanding the incentives that individuals, communities, and regulators face in utilizing and managing limited resources and designing policies and institutions to achieve sustainable management of resources.
This course is useful for those pursuing careers as economists in environmental business and marketing, consulting, and government agencies such as EPA, NOAA, and USDA.
This course is a requirement for environmental and natural resource economics majors and a prerequisite for several other upper level courses.