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9781108499330

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In this book, Jon Conrad, a leading resource economist, develops a new and exciting approach to conveying the basic theory of natural resource economics. Through a series of numerical, non-linear programming problems that students can solve with Excel spreadsheets, the fundamental theory of renewable and non-renewable resource economics comes to life. Without resorting to more advanced dynamic optimization methods, Conrad guides the reader through key results in a way that makes those results intuitive and hence more understandable. Robert N. Stavins, John F. Kennedy School of Government, Harvard University '... [an] excellent text that will be suitable for the best of the undergraduates and all the graduates taking this increasingly popular subject.' Times Higher Education Supplement Intermediate-level textbook in resource economics casts resource management as a problem of dynamic optimization and uses Microsoft Excel Spreadsheet and Solver to solve numerical problems. Journal of Economic Literature This book, with its unique focus on computational solution of problems of dynamic optimization, provides a valuable approach to the economics of natural resources. Anthony Fisher, University of California at Berkeley

'Natural Resource Economics is one of the rare books in resource economics that combines theory and applications, but also the mathematical tools to apply the theory to real world problems. It provides solid coverage of the theory of nonrenewable and renewable resources while focusing on specific applications - for example, the economics of antibiotics - which are becoming increasingly important. Overall, this is a book which would be an invaluable asset not only to graduate students but also to experienced researchers in resource economics.' Anastasios Xepapadeas, Athens University of Economics and Business, and University of Bologna 'Natural resource economics stagnated, even with growing awareness of climate change and sustainability. Conrad and Rondeau provide the perfect update, with all of the basic tools for building one's own model, state-of-the-art coverage of exhaustible and renewable resources, and important applications for emerging problems of pest control, antibiotics, and wildlife.' Don Fullerton, University of Illinois, Urbana-Champaign 'Natural Resource Economics presents the theory behind resource economics with an elegant mathematical presentation that should be very appealing to advanced students. Their handling of dynamic modeling and application of that theory to several different resource topics is particularly impressive.' Robert Mendelsohn, Yale University 'Natural Resource Economics is one of the rare books in resource economics that combines theory and applications, but also the mathematical tools to apply the theory to real world problems. It provides solid coverage of the theory of nonrenewable and renewable resources while focusing on specific applications - for example, the economics of antibiotics - which are becoming increasingly important. Overall, this is a book which would be an invaluable asset not only to graduate students but also to experienced researchers in resource economics.' Anastasios Xepapadeas, Athens University of Economics and Business, and University of Bologna 'Natural resource economics stagnated, even with growing awareness of climate change and sustainability. Conrad and Rondeau provide the perfect update, with all of the basic tools for building one's own model, state-of-the-art coverage of exhaustible and renewable resources, and important applications for emerging problems of pest control, antibiotics, and wildlife.' Don Fullerton, University of Illinois, Urbana-Champaign 'Natural Resource Economics presents the theory behind resource economics with an elegant mathematical presentation that should be very appealing to advanced students. Their handling of dynamic modeling and application of that theory to several different resource topics is particularly impressive.' Robert Mendelsohn, Yale University

In this book, Jon Conrad, a leading resource economist, develops a new and exciting approach to conveying the basic theory of natural resource economics. Through a series of numerical, non-linear programming problems that students can solve with Excel spreadsheets, the fundamental theory of renewable and non-renewable resource economics comes to life. Without resorting to more advanced dynamic optimization methods, Conrad guides the reader through key results in a way that makes those results intuitive and hence more understandable. Robert N. Stavins, John F. Kennedy School of Government, Harvard University '... [an] excellent text that will be suitable for the best of the undergraduates and all the graduates taking this increasingly popular subject.' Times Higher Education Supplement This book, with its unique focus on computational solution of problems of dynamic optimization, provides a valuable approach to the economics of natural resources. Anthony Fisher, University of California at Berkeley Intermediate-level textbook in resource economics casts resource management as a problem of dynamic optimization and uses Microsoft Excel Spreadsheet and Solver to solve numerical problems. Journal of Economic Literature

Author Information

Jon M. Conrad is Professor Emeritus in the Dyson School of Applied Economics and Management at Cornell University, New York. He is the author of Resource Economics, 2nd edition (Cambridge, 2010) and co-author of Natural Resource Economics: Notes and Problems (Cambridge, 1987). Daniel Rondeau is Professor of Economics at the University of Victoria, Canada, with publications in leading environmental and resource economics journals including the Journal of Environmental Economics and Management, Environmental and Resource Economics, Resource and Energy Economics, Land Economics, Marine Resource Economics and the American Journal of Agricultural Economics.

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