Resourse Economics

The course concerned with the optimal use of renewable and nonrenewable natural resources. Simple dynamic models were developed for fisheries, forests, fossil fuels, and stock pollutants. The Method of Lagrange Multipliers was used to identify conditions for optimal allocation over time. Emphasis was placed on the economic intuition behind the optimality conditions and Excel was used to solve numerical examples. I was TA for this undergraduate course taught and designed by Pr. Jon Conrad.