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Introduction to Natural Resource Economics

Learn about the types of natural resources, the basic economics of natural resources, and the impacts of externalities on resource allocation. Get a comprehensive overview of natural resource economics with this free lecture from Boundless.

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Introduction to Natural Resource Economics

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  1. Boundless Lecture Slides Available on the Boundless Teaching Platform Free to share, print, make copies and changes. Get yours at www.boundless.com

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  4. Introduction to Natural Resource Economics Natural Resource Economics ] Natural Resource Economics Free to share, print, make copies and changes. Get yours at www.boundless.com

  5. Natural Resource Economics > Introduction to Natural Resource Economics Introduction to Natural Resource Economics • Types of Natural Resources • Basic Economics of Natural Resources • Externalities and Impacts on Resource Allocation Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/economics/textbooks/boundless-economics-textbook/natural-resource-economics-36/introduction-to-natural-resource-economics-136/

  6. Appendix Free to share, print, make copies and changes. Get yours at www.boundless.com

  7. Natural Resource Economics Key terms • depletionThe consumption of a resource faster than it can be replenished. • externalityAn impact, positive or negative, on any party not involved in a given economic transaction or act. • natural resourceAny source of wealth that occurs naturally, especially minerals, fossil fuels, timber, etc. • natural resourceAny source of wealth that occurs naturally, especially minerals, fossil fuels, timber, etc. • RenewableSustainable; able to be regrown or renewed; having an ongoing or continuous source of supply; not finite. • sustainableAble to be sustained for an indefinite period without damaging the environment, or without depleting a resource. Free to share, print, make copies and changes. Get yours at www.boundless.com

  8. Natural Resource Economics Importance of the Environment This diagram illustrates how society and the economy are subsets of the environment. It is not possible for societal and economic systems to exist independently from the environment. For this reason, natural resource economics focuses on understanding the role of natural resources in the economy in order to develop a sufficient and sustainable economy that protects natural resources. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Nested sustainability-v2."CC BY-SAhttp://en.wikipedia.org/wiki/File:Nested_sustainability-v2.gifView on Boundless.com

  9. Natural Resource Economics Wind Wind is an example of a renewable natural resource. It occurs naturally in the environment and has the ability to replenish itself. It has also been used as a form of energy development through wind turbines. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Alternative Energies."CC BY-SAhttp://en.wikipedia.org/wiki/File:Alternative_Energies.jpgView on Boundless.com

  10. Natural Resource Economics Natural Resource Economics This diagram illustrates that society and the economy are subsets of the environment. It is not possible for social and economic systems to exist independently from the environment. Natural resource economics focuses on the demand, supply, and allocation of natural resources to increase sustainability. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Nested sustainability-v2."CC BY-SAhttp://en.wikipedia.org/wiki/File:Nested_sustainability-v2.gifView on Boundless.com

  11. Natural Resource Economics Negative externality Air pollution from vehicles is an example of a negative externality. It affects other than those who drive the vehicle and those who sell the gas. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Diesel-smoke."Public domainhttp://en.wikipedia.org/wiki/File:Diesel-smoke.jpgView on Boundless.com

  12. Natural Resource Economics Attribution • Wiktionary."natural resource."CC BY-SA 3.0http://en.wiktionary.org/wiki/natural_resource • Wiktionary."depletion."CC BY-SA 3.0http://en.wiktionary.org/wiki/depletion • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//political-science/definition/renewable • Wikipedia."Clean Air Act (United States)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Clean_Air_Act_(United_States) • Wikipedia."Natural resources."CC BY-SA 3.0http://en.wikipedia.org/wiki/Natural_resources • Wikipedia."Natural resource economics."CC BY-SA 3.0http://en.wikipedia.org/wiki/Natural_resource_economics • Wiktionary."natural resource."CC BY-SA 3.0http://en.wiktionary.org/wiki/natural_resource • Wiktionary."sustainable."CC BY-SA 3.0http://en.wiktionary.org/wiki/sustainable • Wikipedia."Natural resource."CC BY-SA 3.0http://en.wikipedia.org/wiki/Natural_resource • Wikipedia."Natural resource economics."CC BY-SA 3.0http://en.wikipedia.org/wiki/Natural_resource_economics • Wiktionary."externality."CC BY-SA 3.0http://en.wiktionary.org/wiki/externality • Wikipedia."Resource allocation."CC BY-SA 3.0http://en.wikipedia.org/wiki/Resource_allocation • Wikipedia."Natural resource."CC BY-SA 3.0http://en.wikipedia.org/wiki/Natural_resource • Wikipedia."Resource."CC BY-SA 3.0http://en.wikipedia.org/wiki/Resource • Wikipedia."Externalities."CC BY-SA 3.0http://en.wikipedia.org/wiki/Externalities Free to share, print, make copies and changes. Get yours at www.boundless.com

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