A. Economics; B. Management. Detailed study of theoretical and policy aspects of such topics as inflation, resource and product pricing, management, market structure, government-business relations, financial markets and international trade. Prerequisite: varies according to the topic offered. May be repeated for credit with different topics.
|Varies according to the topic offered.||1/2-1 course|
Fall Semester informationFadi Fawaz
490AA: Tps:Natural Resources and Energy Economics
This course examines a wide range problems of natural resource use. The course introduces students to the principles, reasoning, and techniques required to set-up and solve allocation problems, under different social objectives. Policy will serve as both an input and an implicated output of this approach. The economic tools developed are applied to renewable resources, exhaustible resources, water, pollution, marine resources, climate change, conservation planning, and other contemporary problems. This course uses an economic perspective to study these complex choices. Particular topics covered include: resource management models (for forests, fisheries, oil, and natural gas), pollution control models (for air and water pollution), sustainable development, and (if time) trade and economic growth. An emphasis on economic theory, concepts, and graphs will be stressed, but public policy applications will never be far behind. Indeed, current events essays and in-class discussion participation are expected in order to receive a passing grade for this class.