Seminar 5

Hi,

The coming Wednesday, I will review the economics of fisheries and discuss economics of forestry. Along the way, I hope to provide a unified interpretation of the rule for optimal extraction of resources (both non-renewable such as oil and renewable such as fisheries and forestry) on the basis of modern Capital Theory. Attending seminar-5 is strongly recommended, especially for those who have not attended the lecture on 25th. Please try the seminar problems before hand.

Torben