Presents fundamental concepts and their application in the economics of nonrenewable and renewable resources as well as related environmental issues. Topics include economic scarcity of natural resources, efficient resource allocation over time, the role of market forces and public policy, non-market resources and sustainable development. Presents course material using a mix of basic economic reasoning and intermediate micro theory. (This is a cross-listed course offered by the International Policy Program that also can fulfill a requirement for the International Economics Program.)