This lecture covers some concrete examples of calculations related to demand curves, demand functions, and inverse demand functions. It covers price elasticity of demand calculations as well as consumer surplus calculations. There is a discussion of the meaning of these quantities as well.
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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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