AEM 4500 - Resource Economics

(crosslisted) ECON 4810
(SBA-AG) (CU-SBY)

Spring. 3 credits. Letter grades only.

Prerequisite: MATH 1110, ECON 3030. For students whose major or minor require both AEM 2500 and AEM 4500, AEM 2500 should be taken before AEM 4500.

C.-Y.C. Lin Lawell.

This course introduces students to the economics of renewable and nonrenewable natural resources. Topics covered include the valuation and use of land; water economics, management, and conservation; fishery economics; the extraction and management of nonrenewable resources such as minerals, rare earth elements, and energy resources; grounwater; renewable and nonrenewable sources of energy; forest use; and sustainability. Students will learn how to use dynamic models to analyze decision making over time. A solid background in calculus is required.