ESPM3261
ESPM 3261 - Economics and Natural Resources Management (4 Cr.) Environment, Social Sciences
College of Food, Agri & Natural Resource Sciences (11004)
TCOA - College of Food, Agricultural and Natural Resource Sciences
ESPM 3261 - Economics and Natural Resources Management (4 Cr.) Environment, Social Sciences
Course description
Microeconomic principles and their application to natural resource management problems. Economic and policy tools to address market failures. Discussion of regulatory and market-based instruments. Discounting and compounding concepts. Methods for conducting financial and economic analyses of natural resource management projects. Decision criteria when conducting benefit/cost analysis of natural resource projects. Methods for valuing non-market natural resource goods and services. Economics of managing renewable natural resources such as forests and fisheries. Land economics. Payments for environmental services. Planning and management problems. Case studies.
College algebra or equivalent is highly recommended.
College algebra or equivalent is highly recommended.
Minimum credits
4
Maximum credits
4
Is this course repeatable?
No
Grading basis
AFV - A-F or Audit
Lecture
Credit will not be granted if credit has been received for:
00362
This course fulfills the following Liberal Education requirement(s)
Social Sciences, The Environment
Fulfills the writing intensive requirement?
No
Typically offered term(s)
Every Spring