MAF 525 - Fisheries Socioeconomics and Management, Prof. David Letson

Goals:

This course provides an introduction to microeconomic theory and its application to fisheries resource problems and policies.

Material:

Economic models, with the value of production as their objective, will contrast economists' and biologists' definitions of maximum yield and show why an unregulated fishery will not operate at either level. We will use economic reasoning to examine causes and consequences of fisheries problems and measures for dealing with them.

1. Economics of the Fishing Problem
   
2. Bioeconomic theory of Fisheries
   
3. Economics of Fisheries Management

Assignments:

Two Mid -term examinations, Writing assignment and presentation of paper.

Grades:

Grades are based on 30% each exam, 30% writing assignment, and 10% classroom participation.

Textbook:

1. Lee Anderson, The Economics of Fisheries Management. Johns Hopkins Univ. Press, 1986.
   
2. Peter Doeringer and David Terkla, Troubled Waters. Univ. Of Toronto Press, 1995.