This lecture introduces core concepts related to the economics of sustainability. We focus on micro- vs macro-economics, positive vs normative economics, intertemporal tradeoffs (weak and strong), natural vs environmental economics, and natural vs environmental resources.
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In this wrap-up lecture, we briefly cover government policy approaches for mitigating sustainability problems. We start with the Coasean id...
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We continue to discuss the economics of natural resources in this lecture, with a particular focus on timber rotations. In the previous lect...
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In this lecture, we continue to discuss the economics of fisheries -- private and open-access. The lecture reminds us of the logistic growth...
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