This textbook examines the theoretical and practical issues of the economics of natural resource use. Adopting a holistic macroeconomic approach to analyzing eco-economic development, the authors offer a fresh perspective on the very concept of natural resource use; they argue that only by understanding the functioning of existing economic structures is it possible to formulate an effective, environmentally oriented policy—both at the national level and on a broader scale. The textbook is intended for students and faculty in university economics departments and specialized economic institutes.