Willingness to pay, opportunity costs, externalities, and market failures in natural resource markets; dynamic efficiency; economic applications including mineral, marine, forest, land, water, and biodiversity. Prerequisite: One of ECON_V 101, ECON_V 310, FRST_V 101, LFS_V 101. Equivalency: ECON_V 374
Willingness to pay, opportunity costs, externalities, and market failures in natural resource markets; dynamic efficiency; economic applications including mineral, marine, forest, land, water, and biodiversity. Prerequisite: One of ECON_V 101, ECON_V 310, FRST_V 101, LFS_V 101. Equivalency: ECON_V 374