This unit focuses on the application of economic principles in the analysis of a range of natural resource management issues. The unit establishes the relevant theory across a range of issues that usually includes the economics of environmental pollution, economics of climate change, exploitation of common property resources and optimal depletion of exhaustible resources; resource taxation and royalties; valuation of the environment, the role of property rights and market-based instruments in environmental and resource management. -- Course Website
Prerequisites: admission to the honours program in the Bachelor of Commerce
