Wolf Hunting Case Study

Case study 1 examines the current debate on wolf hunting taking place in Michigan. Wolves impact the ecosystems in which they live by keeping the role of predator and prey in balance. There must be enough wolves (supply) to fulfil this role (demand). The legalization of wolf hunting may not directly relate to economics but can be used to compare balancing an ecosystem versus balancing the market. The economic problem presented in the video is how to go about maintaining this balance. When natural resources are scarce who should make the decisions on how to use these resources individuals or the government.
The ability to maintain a balance between market supply and demand directly coincides with the scarcity of natural resources. The availability of resources significantly impacts the market supply. The government should be involved in the decision making process when the handling of scarce resources is being debated. The role of the government should include accessing available data
If the bill was not passed wolf hunting would be completely outlawed and the wolf population would continue to grow. My opinion on the passing of Act 21 has changed several times, even in the course of writing this reflection. I actually voted for the protection of the wolf during the 2012 election. I now see that that was an emotional response and not one made from logic. Logically speaking, I believe that we must not only protect one species but examine how the population growth of that species effects the overall ecosystem, human population and livestock. Just as it is important to maintain balance in the ecosystem, it is equally important to maintain balance in regards to market supply and demand. To maintain this balance, we must look at the overall picture, not the beliefs of one individual group or