Resource Economics 2bd Jon M. Conrad Jon M. Conrad

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Product details:

• ISBN 10: 0511852460
• ISBN 13: 9780511852466 
• Author: Jon M. Conrad 

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.

Table contents:

Part 1. Basic Concepts

Part 2. Solving Numerical Allocation Problems Using Excel’s Solver

Part 3. The Economics of Fisheries

Part 4. The Economics of Forestry

Part 5. The Economics of Nonrenewable Resources

Part 6. Stock Pollutants

Part 7. Maximin Utility with Renewable and Nonrenewable Resources

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