Instructions

– apply the theoretical concepts and models of natural resource economics to the real-life insights, policies, and 

decisions. The paper will focus on a specific issue in the theories of natural resource economics in the

 Canadian and in the global context rather than addressing various and general issues at the same time. It should 

start immediately with analyzing and discussing the given topic.

– Your analysis, evaluations and critique, and explanations stressing how theoretical models and concepts are

 applied to real life would be more valuable. It is also very important to discuss the underlying theories, concepts 

and assumptions. The paper must be a research based, and therefore, it must use at least 4 academic 

publications.

-paper should be structured as follows: 

 Title, (cover page) 

 Introduction 

 Discussion and Analysis (the main content of the paper) 

 Summary and Conclusion

 References

Figures and tables should be inserted in the text where appropriate.

Some Economic theories to include:

Measuring Costs and Benefits 

Dynamic Efficient Extraction

Cost and technological change

Dynamic Effieciency