How do we measure the marginal net benefit of producing a resource? What is a static equilibrium and how is it determined? How is discounting used to determine the efficient allocation of a resource over time? How do we determine the efficient allocation of a resource over two time periods? What is a resource depletion tax? How can it be used to increase the temporal efficiency of using a resource? Is government intervention always necessary for an efficient allocation of a resource over time? How will different discount rates affect the way a resource is allocated over time? What is Hotelling’s rule? When is it "optimal" to deplete a non-renewable resource as soon as possible? If the current generation does not care about the welfare of the next generation, does this necessarily imply that the current generation will always use all supplies of a non-renewable resource?