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Topics may include: the design of environmental and natural resource policies, particularly incentive-based policies; the analysis and control of environmental risks; cost-benefit analyses of specific environmental policies; critiques of cost-benefit analysis, international environmental cooperation; environmental and natural resource policy in the developing world; sustainability, and the conservation of biodiversity. BS-ResEc majors may satisfy the Integrative Experience requirement with this course plus Res-Econ 394 and 471.

Market structure models with application to the food system and to natural resource industries. Firm behavioral strategies under various market structures. The role of product differentiation, advertising, market power, mergers, barriers to entry, pricing and non-price rivalry. Market performance including prices, costs, profits, labor issues, and progressiveness. Prerequisite: RES-ECON 305 or ECON 203. BS-ResEc majors can satisfy their Integrative Experience requirement by taking this course plus Res-Econ 394 and 453.

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Students will reflect on and integrate their learning and experience in the following activities: 1) Update personal e-Portfolio. During the updating of their e-Portfolio students will complete a series of activities in which they: - Reflect on the courses they have taken at UMass. - Identify skills that they have attained through this course work. - Explore careers in Resource Economics and identify the careers that are of interest to them. - Identify the skills needed to succeed in the career paths they have identified. - Produce a professional resume and a sample cover letter.

Students will reflect on and integrate their learning and experience in the following activities: 1) Update personal e-Portfolio. During the updating of their e-Portfolio students will complete a series of activities in which they: - Reflect on the courses they have taken at UMass. - Identify skills that they have attained through this course work. - Explore careers in Resource Economics and identify the careers that are of interest to them. - Identify the skills needed to succeed in the career paths they have identified. - Produce a professional resume and a sample cover letter.