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Natural Resource Economics 
Penn State University

What is the Natural Resource Economics?

In foundational production models, increased demand can be met by increasing production, but that framework falls short when the good in question is a naturally occurring resource. Natural Resource Economics introduces natural limits on what inputs society has at its disposal, and considers the critical role that property rights, institutions, and policy can play in their management, from developed countries to developing countries. Topics include conservation, sustainability of renewable and non-renewable resources, and management of the natural world.

My Favorite Quotes

Elinor Ostrom
Nobel Prize Lecture

Little by little, bit by bit, family by family, so much good can be done on so many levels.

Ben Frankin

Poor Richard's Almanac

When the well's run dry, we know the worth of water.

Mark Twain

Buy land, they’re not making it anymore.

Meet The Team


Dr. Jadrian Wooten

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I'll be your instructor this semester. Feel free to visit me with any questions you have about the course or your grade in the course. 

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Graduate Assistant
Han Xu

The TA will be responsible for managing reading quiz grades and giving back blue books during the week. He will not hold office hours.

Course Material

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