Friday, May 26, 2017

A delayed welcome - Summer 2017

Greetings class.  Apologies for the delay in posting.

Now that we have several days of study under our belts, I'm curious to know what you have learned about natural resource economics.  You don't have to answer all of these questions, but here are some things to consider.

For economics majors:  How is the study of natural resources different than the study of market goods and services?  How is the economics of natural resource use similar to the use of other goods and services?

For environmental studies majors:  Has your perspective on economics changed over the past week?
What were your initial perceptions of economics and what are your perceptions now?

For all students:  What does economics bring to the table in terms of understanding natural resource use and developing policy options to promote economic and environmental sustainability?


Jacob Goetsch said...

Studying natural resources has been interesting so far this semester. This type of study has brought me to the realization that its hard to put a price tag on the value of nature versus other market goods and services. Personally I feel as natural economics still has quite a bit of growth to fully understand just how important our natural resources are not only for populations now, but for future generations as well. I'm not sure if we will ever master the concepts to preserve the world and to leave it a better place.
With that being said, I feel like economics allows knowledge to be brought to the attention of every day people without them really thinking about. There is so much economics that is going around every day and before I started studying economics, I couldn't tell you what I was looking at. Developing policy is important, especially in helping preserve natural resources and others that we value greatly.

Shea Amdur said...

Studying natural resources is different than markets and goods because price and demand and replaced by different things such as value, cost, and economic value. It is relatable but has more factors that aren't as empirical as economics for business you really have to think about the different things that will be affected. It is similar because you can use most of the same basic concepts to build upon and substitute new theories and ideas into.

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