#55 Natural Resources Economics & Dynamic Optimization | Part 1

Welcome to 'Environmental & Resource Economics' course ! This lecture introduces the field of natural resource economics. It defines natural resources, differentiates between renewable and nonrenewable resources, and discusses the concept of optimal extraction rates for these resources. NPTEL Courses permit certifications that can be used for Course Credits in Indian Universities as per the UGC and AICTE notifications. To understand various certification options for this course, please visit https://nptel.ac.in/courses/130106113 #NaturalResourceEconomics #NaturalResource #RenewableResource #NonrenewableResource #OptimalExtraction