This text provides a comprehensive introduction to the important issues of land use and forest economics. The authors employ economic tools to study the allocation of land among alternative activities such as agriculture, grazing and forestry which impact upon the landscape. Contents: Preface 1. Introduction Part I: General Economic Concepts 2. The Theory of Welfare Measurement 3. Resource Rents and Rent Capture Part II: A Synopsis of Environmental Economics 4. Valuing Nonmarket Benefits 5. Environmental Economics 6. Social Cost#Benefit Analysis 7. Sustainable Development and Conservation Part III: Land Economics 8. Efficiency and Equity in Land-Use Planning 9. Degradation and Conservation of Agricultural Land 10. Economics of Public Lands Part IV: Forest Economics 11. Forest Economics I 12. Forest Economics II 13. Economics of Tropical Deforestation Part V: Land Use and Climate Change 14. Climate Change: Land Use, Land-Use Change and Forestry References Index