This textbook discusses environmental and natural resource
economics. It presents foundational knowledge for applying
economics to understand environmental economics as well as for
managing environmental problems and optimizing the level of natural
resource extraction. Environmental and Natural Resource Economics
bridges knowledge between the major natural environmental issues
and which economic policies could be applied for reducing human
impacts on such issues. It is distinctive from other environmental
economics textbooks by covering not only basic concepts introduced
in environmental economics but also explains economic models
developed in resource economics for optimizing the use of
non-renewable and renewable resources for sustainability. This
textbook will help students understand how to apply economics for
utilizing policies to mitigate environmental issues caused from the
output side of economic activities such as emitting pollutants or
generating wastes and those derived from the input side such as
natural resource extractions.
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