Indifference curves and the hill of happiness; grading and tournament incentives; scientific method (Popper's falsification, deductive and inductive reasoning); auction theory (private and public values, winners curse, etc.); cap and trade; REAL auctions of books plus selling $1 for $1.50!
Microeconomic Theory with Application to Natural Resources by instructor David Zetland, PhD. This course covers the basic microeconomic tools for further study of natural resource problems. Theory of consumption, production, theory of the firm, industrial organization, general equilibrium, public goods and externalities. Applications to agriculture and natural resources.