AEM 4500

Last Updated

  • Schedule of Classes - May 19, 2024 7:32PM EDT
  • Course Catalog - May 19, 2024 7:07PM EDT

AEM 4500
Resource Economics

Course information provided by the Courses of Study 2023-2024.

AEM 4500 / ECON 3860 introduces students to the economics of renewable and nonrenewable natural resources. Topics covered include the valuation and use of land; water economics, management, and conservation; the extraction and management of nonrenewable resources such as minerals, rare earth elements, and energy resources; renewable and nonrenewable sources of energy; forest management; fishery economics; groundwater; natural resource markets, demand, and supply; 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 or AEM 2600.

Distribution Category (SBA-AG)
Course Attribute (CU-SBY)

Comments For students whose major, minor or concentration require both AEM 2500 and AEM 4500, AEM 2500 should be taken before AEM 4500. A solid background in calculus is required.

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Syllabi:

  •   Regular Academic Session.  Combined with: AEM 5500, ECON 3860

  • 3 Credits GradeNoAud

  •  8567 AEM 4500   LEC 001

  •  
    • M Warren Hall B75
    • Jan 22 - May 7, 2024

    • Lin Lawell, C

  • Instruction Mode: In Person
    Prerequisites: 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 / AEM 5500 (and cannot be taken concurrently). For students whose major, minor, graduate program, or concentration requires AEM 2500, (iii) AEM 2500 should be taken before AEM 4500 / ECON 3860 / AEM 5500.