ECON 341
  • Brightspace
  • Materials
    • Lecture Slides
    • Classwork
    • Homework
    • Exam Guides
  • Project
    • Guideline
    • Kickoff report
    • Topic Atlas
    • Peer evaluation
  • What I do

  • Start Here
    • Home
    • Semester map
    • Syllabus
  • Weekly Roadmap
    • 01 · Scarcity + markets
    • 02 · Externality toolkit
    • 03 · Externalities + experiment
    • 04 · Resource institutions
    • 05 · Present value + discounting
    • 06 · Allocation through time
    • 07 · Allocation practice + fisheries · Coming soon
    • 08 · Fishery · Coming soon
    • 09 · Midterm + valuing nature · Coming soon
    • 10 · Valuing nature · Coming soon
    • 11 · Land use · Coming soon
    • 12 · Forests + wildfire · Coming soon
    • 13 · Disaster risk · Coming soon
    • 14 · Insurance + resilience · Coming soon
    • 15 · Policy studio · Coming soon
    • 16 · Present + synthesize · Coming soon

ECON 341 · Natural Resource Economics Instructor: Byeong-Hak Choe SUNY Geneseo · Fall 2026

ECON 341 · Fall 2026 · SUNY Geneseo

What should we take—and what should we leave?

Learn how economists value, allocate, and govern natural resources when choices made today reshape the possibilities available tomorrow.

Start with Week 6 Homework 2Due: Oct 9, 9:30 AM

Week 06 · Sep 28–Oct 2

This week’s materials

Resource Allocation Over Time

Lecture 5Continue with Hotelling’s Rule ReadingResource Allocation Over Time
Everything in reach

Open the right field station.

Weekly pages tell you what to focus on. These collections keep every published course item easy to find.

Lecture slidesModels, graphs, cases, and visual explanations from class. ClassworkPractice, games, and simulations for learning the mechanisms by doing. HomeworkProblem sets and case analysis. Submit completed work in Brightspace. Group projectFind a fishery, forest, aquifer, landscape, or risk system for the group project. Semester mapSee the week-by-week course path, topics, readings, and major dates. SyllabusCourse policies, outcomes, readings, assessment, and full schedule.

Dates to keep in view

Plan around the turning points.

Aug 24First course meeting
Oct 16Quiz
Oct 19Midterm exam
Dec 9Final exam · 8:30 AM
The course arc

Follow the stock. Read the incentives. Test the rule.

Every unit returns to the same problem: a valuable resource changes through time, people respond to incentives, and institutions shape the outcome.

01Frame · Weeks 1–6Markets, scarcity, and timeBuild a self-contained microeconomics toolkit, then use dynamic efficiency and scarcity rent to allocate depletable stocks.→
02Value · Methods and evidence · Coming soonValuing natureMeasure use and non-use values with stated and revealed preferences, then connect those values to benefit-cost decisions.
03Govern · Fisheries, land, and forests · Coming soonRenewable resources and commonsAnalyze fisheries, forests, and land as biological and spatial systems shaped by access, property, and collective rules.
04Adapt · Weeks 12–16 · Coming soonWildfire risk, insurance, and resilienceConnect forest management to wildfire risk, insurance, and resilience before bringing the semester’s tools to a resource under pressure.
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