摘要:Courses in the field of natural resource and environmental economics arenow taught to a large and diverse audience of undergraduate and postgraduatestudents, from economics majors through to students in environmental scienceand engineering. In addition, the methods of environmental economics, non-market valuation, market-based instruments and risk analysis are beingapplied more widely to assist in resolving policy choices. Among policymakers therefore there is an increased need to understand the techniques ofeconomic policy analysis – perhaps particularly the methods of non-marketvaluation and benefit-cost analysis – and also their limitations.