Natural Resource Economics

<p><i>Natural Resource Economics: The Essentials </i>offers a policy-oriented approach to the increasingly influential field of natural resource economics that is based upon a solid foundation of economic theory and empirical research. Students will not only leave the course with a firm understanding of natural resource economics but they will also be exposed to a number of case studies showing how underlying economic principles provided the foundation for specific natural resource policies. This key text highlights what insights can be derived from the actual experience.</p><p>Key features include:</p><ul> <li>Extensive coverage of the major issues including energy recyclable resources water policy land conservation and management forests fisheries other ecosystems and sustainable development</li> <li>Introductions to the theory and method of natural resource economics including externalities experimental and behavioral economics benefit-cost analysis and methods for valuing the services provided by the environment</li> <li>Boxed Examples and Debates throughout the text which highlight global cases and major talking points.</li> </ul><p>This second edition provides updated data new studies and more international examples. There is a considerable amount of new material with a deeper focus on climate change. The text is fully supported with end-of-chapter summaries discussion questions and self-test exercises in the book as well as a suite of supplementary digital resources including multiple-choice questions simulations references slides and an instructor’s manual. It is adapted from the 12th edition of the best-selling <i>Environmental and Natural Resource Economics</i> textbook by the same authors.</p>