– 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
