Resource Economics is a text for students with a background in
calculus and intermediate microeconomics and a familiarity with the
spreadsheet software Excel. The book covers basic concepts (Chapter
1), shows how to set up spreadsheets to solve simple dynamic
allocation problems (Chapter 2), and presents economic models for
fisheries, forestry, nonrenewable resources, and stock pollutants
(Chapters 3 6). Chapter 7 examines the maximin utility criterion
when the utility of a generation depends on consumption of a
manufactured good, harvest from a renewable resource, and
extraction from a nonrenewable resource. Within the text, numerical
examples are posed and solved using Excel s Solver. Exercises are
included at the end of each chapter. These problems help make
concepts operational, develop economic intuition, and serve as a
bridge to the study of real-world problems in resource management."
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