Environmental and Natural Resource Economicsengages students in standard economic theory through the lens of hot-button environmental issues such as global climate change and overpopulation. This broad, balanced approach combines traditional microeconomic analysis with a detailed examination of macro-level ecological problems that require local, national, and global policy solutions. Revisions to the Second Edition include new appendices, updated case studies, and the inclusion of current economic data. Numerous examples, graphs, key terms, and end-of-chapter questions help students review and assimilate core concepts. The author emphasizes the importance of using valuation techniques to solve quantifiable problems, such as determining the price of a fishing license, while also considering the unquantifiable nature of ethics, biodiversity, and similar issues. New!Two new appendices-"Basic Supply and Demand Theory" and "Basic National Income Accounting"-lend support and specificity to the principles covered in Chapters 3 and 8. These appendices give students insight into economic theories and provide an opportunity for review.