Economic
aspects of marine resource utilization and , management will be analyzed.
Topics include open access , aspect of marine resources; conflict and
allocation of , marine resources, marine , resource markets, marine ,
recreation, pollution. The economics of the principal markets related to marine
transportation, environment, and natural resources. Topics include structures
of the markets and industries involved; competition; impacts of policies and
regulations. The course analyzes the relationship among industries, markets,
technologies, and national policies, and introduces the concepts of national
income accounts, sustainability, and intergenerational equity and their
relationship to current economic practice.