Professor: Dr. Hirotsugu Uchida
Prerequisites: EEC 534 and EEC 624 or permission of instructor
Catalog Description: Concepts of economic efficiency applied to natural resources with emphasis on intertemporal allocation of nonrenewable and renewable resources. Application of welfare and institutional economics to resource management and development; analysis of optimum allocation among users
This course focuses on developing a theoretical understanding of the economic dynamics present in the use of our environmental and natural resources. To develop a better understanding of these dynamics we will address the optimal use of our natural resources over time, how different types of natural resources lead to different dynamic equilibria, and how market structure and uncertainty alter the equilibrium. This will be achieved by developing an understanding of the core literature present in the fields of renewable and non-renewable natural resources. One of the key objectives of this course is to get the students exposed and familiarize them with the literature in natural resource economics, both the classic/seminal papers and recent cutting-edge developments.
By the end of the semester students will be able to:
Dr. Uchida is an environmental economist who specializes in natural resource economics. His current research interests are:
This course will enable you to obtain the skills necessary to analyze environmental and natural resource issues incorporating both temporal and spatial dynamics.