ECON 3W03 NATURAL RESOURCES

Competitive and socially optimal management of nonrenewable resources; market failure as illustrated by mineral cartels, fisheries and forestry, including analysis of bioeconomic models. Three hours (lectures and seminars); one term Prerequisite(s): MATH 1M03 and one of ECON 2G03, 2J03, 2X03; or permission of the instructor




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