Lecture Notes On Environmental And Resource Economics A Theoretical Introduction
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Lecture Notes on Environmental and Resource Economics: A Theoretical Introduction
Author: AART J. DE ZEEUW
language: en
Publisher: World Scientific Publishing Company
Release Date: 2025-06-26
This set of lecture notes contains basic theory in environmental and resource economics. It covers not only traditional topics, such as pollution targets and instruments, renewable and non-renewable resources, growth, trade and valuation, but also newer topics as international aspects, stock pollution and tipping points. These lectures focus on the main concepts, models and results in the core areas of environmental and resource economics, as a basis for the presentation of extentions, applications and real-world policy discussions in the courses.The book is compact and can serve as a basic text for a course in environmental and resource economics at the advanced undergraduate level. It can also be useful as a reference text at the graduate level or for research. The mathematics in the main text is elementary, with more advanced mathematical analyses in the appendices. The book provides a precise account of the essentials in environmental and resource economics.
Lecture Notes on Resource and Environmental Economics
This book, based on lectures on natural and environmental resource economics, offers a nontechnical exposition of the modern theory of sustainability in the presence of resource scarcity. It applies an alternative take on environmental economics, focusing on the economics of the natural environment, including development, computation, and potential empirical importance of the concept of option value, as opposed to the standard treatment of the economics of pollution control. The approach throughout is primarily conceptual and theoretical, though empirical estimation and results are sometimes noted. Mathematics, ranging from elementary calculus to more formal dynamic optimization, is used, especially in the early chapters on the optimal management of exhaustible and renewable resources, but results are always given an economic interpretation. Diagrams and numerical examples are also used extensively. The first chapter introduces the classical economists as the first resource economists, in their discussion of the implications of a limited natural resource base (agricultural land) for the evolution of the wider economy. A later chapter returns to the same concerns, along with others stimulated by the energy and environmental “crises” of the 1970s and beyond. One section considers alternative measures of resource scarcity and empirical findings on their behavior over time. Another introduces the modern concept of sustainability with an intuitive development of the analytics. A chapter on the dynamics of environmental management motivates the concept of option value, shows how to compute it, then demonstrates its importance in an illustrative empirical example. The closing chapter, on climate change, first projects future changes and potential catastrophic impacts, then discusses the policy relevance of both option value and discounting for the very long run. This book is intended for resource and environmental economists and can be read by interested graduate and advanced undergraduate students in the field as well.
International Economics And Policy: An Introduction To Globalization And Inequality
Relying on economic theory where necessary, this book emphasizes translating that theory into practical applications that will help students appreciate the clear importance of understanding how countries, businesses, workers, and governments interact with each other. It offers in-depth analysis, empirical evidence, and practical examples arising from all the forms of international exchange: international trade, or the exchange of goods and services across borders; international finance, or the roles that currencies, exchange rates, prices, and monetary systems play in facilitating global investment and trade; global migration, through which workers move from lower-wage countries to higherwage countries; the international flows of capital and knowledge through multinational enterprises and global supply chains; and the global policy architecture underlying these flows. The book pays particular attention to how globalization and technological change affect economic inequality, a primary policy issue today.