ECON 3860

ECON 3860

Course information provided by the Courses of Study 2020-2021.

This course introduces students to the economics of renewable and nonrenewable natural resources. Topics covered include the valuation and use of land; the extraction and management of nonrenewable resources such as minerals, rare earth elements, and energy resources; renewable and nonrenewable sources of energy; forest management; water and groundwater economics, management, and conservation; and sustainability. Students will learn how to use dynamic models to analyze decision-making over time, and to solve dynamic optimization problems analytically and numerically. Students will also learn how to analyze and explain the intuition and logic behind the theory and concepts. Students will apply the methods, quantitative tools, and concepts to analyze natural resource issues at global and local levels; to introspectively reflect on their own lives and future aspirations; and to draw lessons and implications for leadership, management, and policy. A solid background in calculus is required.

When Offered Spring.

Prerequisites/Corequisites Prerequisite: MATH 1110, ECON 3030.

Distribution Category (SBA-AS, SSC-AS)
Course Attribute (CU-SBY)

Comments Formerly ECON 4810.

View Enrollment Information

  •   Regular Academic Session.  Combined with: AEM 4500

  • 3 Credits GradeNoAud

  •  7083 ECON 3860   LEC 001

    • M Online Meeting
    • Feb 8 - May 14, 2021
    • Lin Lawell, C

  • Instruction Mode: Online
    Prerequisites: By application only; in order to apply, students should sign up on the wait list, read the syllabus that will be posted on Canvas at the beginning of Spring Semester 2021, attend both of the first 2 lectures, submit the first problem set, and apply in person in class via Zoom. Both (i) Math 1110 (calculus) and (ii) either Econ 3030, AEM 2600, or AEM 5600 (intermediate microeconomics with calculus) must be completed before taking AEM 4500 / ECON 3860 (and cannot be taken concurrently). For students whose major, minor, or concentration requires AEM 2500, (iii) AEM 2500 should be taken before AEM 4500 / ECON 3860.