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The resource curse is the paradox that countries with an abundance of natural resources tend to have less economic growth and worse development outcomes than those with fewer natural resources. Resource management must address this by diversifying the economy and implementing good governance.

Sustainable development is the organizing principle for meeting human development goals while simultaneously sustaining the ability of natural systems to provide the natural resources and ecosystem services upon which the economy and society depend. Resource management aims to balance these needs.

A renewable resource is a natural resource which can replenish with the passage of time, either through biological reproduction or other naturally recurring processes. Managing these resources focuses on sustainable rates that do not exceed regeneration capacity.

A nonrenewable resource is a natural resource that cannot be readily replaced by natural means at a quick enough pace to keep up with consumption. These resources are managed by assessing depletion rates and seeking alternatives.

Ecological economics is a transdisciplinary field that addresses the interdependence and co-evolution between human economies and natural ecosystems. It's central to resource management as it integrates ecological with economic understanding.

Hotelling's Rule states that the net price (market price minus marginal cost) of a nonrenewable resource is expected to increase at the rate of interest over time. This is a principle used in resource management to predict the exhaustion of resources and to structure depletion strategies accordingly.

Environmental externalities are costs or benefits of environmental changes that are not reflected in market prices. These externalities are crucial in resource management to ensure that the true costs of resource use are accounted for and mitigated.

The Environmental Kuznets Curve hypothesizes that as an economy grows, environmental degradation initially increases, but after a certain point of income per capita, the trend reverses, so that at high income levels, economic growth leads to environmental improvement. This concept is used to inform resource management policies.

Common pool resources are natural or human-made resources where one person's use subtracts from another's use but where it is difficult to exclude anyone from using the resource. Resource management strategies for these resources focus on preventing overuse and promoting sustainability.

Scarcity refers to the limited availability of a resource in comparison to the unlimited wants. It's fundamental to resource management as it necessitates the efficient use and allocation of natural resources.

The tragedy of the commons describes a situation in which individual users, acting independently according to their own self-interest, behave contrary to the common good by depleting or spoiling shared resources. Resource management strategies often aim to mitigate this through regulations.

Cost-benefit analysis is a process used to evaluate the total expected costs and benefits of a project or decision. In resource management, it's used to decide whether the benefits of using a resource outweigh the costs, guiding the sustainable use of natural resources.

The marginal cost of extraction refers to the cost of extracting an additional unit of a resource. It's relevant to resource management as it helps determine the most efficient and sustainable level of resource use.