|Syllabus Spring 2006|
696c [Applied Economic Analysis I]
Monday, 6:10 pm-8:40 pm, #126 McClelland Hall.
course is part of the field in environmental and natural resource economics. The
course will cover standard models of renewable and nonrenewable resource
use (dynamic methods will be used) as well as a wide variety of empirical
applications in topics such as resource scarcity, land use, water,
oil and gas, biodiversity, fisheries, and forestry. In
the applications examined there will be an emphasis on empirical studies
and on contract theory, transaction costs/property rights, economics
of law, and political economy. Each meeting will begin with a
short lecture and then be conducted as a seminar. Readings (see details
below) will be made available via the class website. Homework
problems will be assigned throughout the semester. A research
paper is required and you will present the paper in class. In
addition to these duties you will provide short (2-3 pp.) weekly ‘referee
reports’ of a key paper to be discussed that day. Student
will also lead the discussions of these papers as part of this task. There
will be no exams. I will use this web blog—http://www.env-econ.net/—and
encourage you to take a look occasionally.
Paper and Seminar
Texts [available at the library or at bookstores, not on reserve]
Anthony C. Fisher. Resource and Environmental Economics Cambridge: Cambridge University Press, 1981. [Classic text, though now out of print]
Philip A. Neher. Natural Resource Economics: Conservation and Exploitation Cambridge: Cambridge University Press, 1990. [Classic text, though now out of print]
John Hartwick and Nancy Olewiler. The Economics of Natural Resource Use New York: Harper and Row. 2nd Edition, 1999. [Advanced undergraduate and masters level]
Barry C. Field. “Important Issues in Natural Resource Economics” in Natural Resource Economics: An Introduction (New York: McGraw-Hill, 2001). [introductory undergraduate text with nice coverage of issues, institutions and some case studies]
Grafton, Adamowicz, DuPont, Hill & Renzetti. The Economics of the Environment and Natural Resources, Blackwell (2003). [Newest graduate text]
Colin W. Clark. Mathematical Bioeconomics New York: Wiley, 1976. [Classic in renewable resources]
Jon Conrad and Colin Clark. Natural Resource Economics: Notes and Problems Cambridge: Cambridge University Press, 1987.
N. Hanley, J. Shogren, and B. White, Environmental Economics in Theory and Practice, Oxford University Press, 1997. [Another recent graduate text]
M. Weitzman, Income, Wealth and the Maximum Principle, Harvard Press, 2003. [Fairly new with some applications to natural resources]
Matt Turner’s class University of Toronto http://www.economics.utoronto.ca/mturner/ec2908/eco2908_main.htm [Nice course with similar focus on institutions and political economy]
Terry Anderson & Donald Leal. Free Market Environmentalism 2nd ed. [Policy focused book]
Wilkinson et al. Natural Resources & Public Land Law. [Leading legal text in natural resources]
Gerald A. Carlson, David Zilberman, and John A. Miranowski. eds. Agricultural and Environmental Resource Economics Oxford: Oxford University Press, 1993.
Richard Cornes and Todd Sandler. The Theory of Externalities, Public Goods and Clubs Cambridge: Cambridge University Press, 1986.
Partha Dasgupta. The Control of Resources Cambridge: Harvard University Press, 1982.
Partha Dasgupta and Geoffrey Heal. Economic Theory and Exhaustible Resources Cambridge: Cambridge University Press, 1979.
Allen Kneese and James Sweeney. Handbook of Natural Resource and Energy Economics Vols.1,2,3.
Mason Gaffney ed. Extractive Resources and Taxation Madison: University of Wisconsin Press, 1967.
V. Kerry Smith and John Krutilla eds. Explorations in Natural Resource Economics Baltimore: Johns Hopkins University Press, 1982.
Paul Portney. Current Issues in Natural Resource Policy Baltimore: RFF, 1982.
CLASS SCHEDULE: SPRING 2006
February 9, 2006