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Book chapter
Basic Concepts
Jon M. Conrad
Cambridge University Press eBooks14 Jun 2010
Basic Concepts
Jon M. Conrad · Cambridge University Press eBooks · 14 Jun 2010
Abstract
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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.
Identifiers
- NobleID
- NI2P02W22R68S05
Discussion
Citations
Topics
Details
- Published
- 14 Jun 2010
- Publisher
- Cambridge University Press
- Issue
- Pages 1–40
- Language
- EN