Resource management, sustainability (please see order description)

Topic: Resource management, sustainability (please see order description) Order Description INSTRUCTIONS : The essay focus should be on the use of appropriate economic theory to develop policy solutions to the problems identified. At a minimum your essay should include. 1. A brief description of the problem (without too much technical/scientific detail – this is an economics essay). 2. A brief explanation as to why this problem is an “economic” problem. 3. A brief exposition of the conceptual tools in resource and environmental economics that seem most appropriate for policy analysis in respect of the problem. 4. An assessment of how well the actual/proposed policy matches theory, and what other considerations/complications might need to be considered deciding on a policy solution ESSAY TOPIC The notion of sustainability is used differently in economics than in the natural sciences. Explain the meaning of sustainability in these two frameworks, and discuss the attempts that have been made by economists to make the concept operational, paying particular attention to the concepts of substitution and weak and strong sustainability. Base your evaluation on the sustainability policy of a particular jurisdiction (e.g. UK or Western Australia).