This course provides a perspective and understanding of the key components of natural resource  with a focus on the natural resource used to measure  performance. .

This course will enable the students to develop understanding on issues of natural resources and sustainability in agriculture. 

Concepts of natural resources; optimal use of renewable and nonrenewable resources, Issues related to natural resources (soil, water, forest, fisheries and environment); resource scarcity, prices, demand and supply of natural resources; Market equilibrium, economic efficiency; inter-temporal efficiency; Property rights; The economics of pollution; Natural resource exploitation; Economic approaches to conservation of natural resources; Benefit cost analysis.

Recommended Books

1. Bergstrom, J.C. & Randall, A. (2010). Resource Economics- An Economic Approach to Natural Resource and Environmental Policy. New York: Edward ElgerPublishing. 
2. Tietenberg, T. & Lewis, L. (2013). Environmental and natural resource economics. 9th Edition. Prentice HallPublisher

Suggested Readings

1.       Ashfaq, M., Griffith, G., & Hussain, I. (2009). Economics of Water Resources in Pakistan. Pakistan: Pak TM Publishers.
2. ⦁    Compathy, R.S. and R.S. Ganapatty, (1990). Natural Resource Management. New Delhi: Mohan Primlani for Oxford and IBH Publishing Co. Pvt,.
3. ⦁    Common, M., Perman, D. R., Ma, D. Y., Maddison, D. D., & Mcgilvray D. J. (2011). Natural Resource and Environmental Economics. 4th Edition. Longman Lt: Addison Wesley. 

1. Assignment on Issues realted to natural resourse in Pakistan 
    
2. Presentation 

Sessional:         12 (Class Attendance:2, Presentation: 4, Assignments: 6)

Mid Term Test: 18

Final Term Test: 30