BENEFIT-COST ANALYSIS

AAE 643

Survey of historical topics and contemporary research questions in environmental and resource economics. Focus areas include foundational models of human/environment interaction, definition and evaluation of the suite of environmental policy instruments, measuring environmental costs and benefits, and examining natural resource use.

AAE/ECON/F&WECOL 531

Economic concepts and tools relating to management and use of natural resources, including pricing principles, cost-benefit analysis, equity, externalities, economic rent, renewable and nonrenewable resources, and resource policy issues.

EDPOL 743

Introduction and application of methods of economic evaluation in education focusing on the use of cost, cost-effectiveness, and benefit-cost analyses. Topics include collecting inputs; pricing; estimating costs; adjusting for inflation, amortization, and units; sensitivity analyses; measuring effectiveness; quantifying benefits; computing rates of return; and communicating results. Lecture and project based with focus on real-world application, data collection, replication, and peer review.

AAE 641

Overview of the economic performance of agriculture in feeding the growing world population. Examines contemporary economic issues in the food sector, along with research methods used in their analysis. Covers production analysis, risk and uncertainty, food demand, market structure, policy and welfare analysis.

AAE 760

Economic tools and principles pertaining to the optimal management of natural resources. Theoretical models characterize efficient resource use and predict management decisions under different institutional settings. Empirical applications relate to public and private management of forests, fish, wildlife, minerals, and energy resources. Examples highlight the importance of discount rates, property rights, and government policies.