Rational use and reuse of natural resources. Theory, methodology, and policies concerned with the allocation of natural resources among alternative uses. Optimum state of conservation, market failure, safe minimum standard, and cost-benefit analysis.

Prerequisites/Rules:
ECON326, ECON306, or AREC326. And BMGT230; or ECON230. Restriction: Must be in one of the following programs (Agricultural and Resource Economics; Agricultural and Resource Economics: Agribusiness; Economics Bachelor of Arts; Environmental Science & Policy-Env Economics). Also offered as: AREC453. Credit Only Granted for: AREC453 or ECON453.
Credits: 3
Grading Method: Regular, Pass-Fail, Audit