[ Instructor |Readings  | Goals and Objectives | Topic Outline |Course Assessment ]

Dr. Andrew Carver
Office/Phone: AG 192B, 453-7461.
email: acarver@siu.edu
Office hours: 10 am-noon, M, W, F, or by appointment.
Class Web Page: http://www.siu.edu/~forestry/courses/FOR411.html

Texts:

Ian Hodge. 1995. Environmental Economics: Individual Incentives and Public Choices. St. Martin's Press, New York.

David Klemperer. 1996. Forest Resource Economics and Finance, McGraw-Hill, New York.

Supplemental reading materials will be handed out in class.  Class handouts will be kept on file in the undergraduate reading room (AG 190A).

The goal of this course is to provide students with the foundations of the economic tools and models for conducting analysis of forestry and natural resource issues.

Specific Objectives: (1) apply economic tools to make natural resource management decisions which will most effectively meet public and private goals; (2) identify and evaluate costs, benefits, and tradeoffs of alternative resource utilization strategies; and (3) utilize electronic resources to gather forestry-related economic information.  Emphasis will be not only on economic theory but on applying this theory to solve real-world problems.

PART I  Balancing Economy and the Environment

Week 1
Introduction to Forest and Natural Resource Economics

Week 2-3
Economics of Markets

Week 4-5
Externalities and Market Failure

Week 6-7
Nonmarket Valuation

Week 8
EXAM I

PART II  Resource Utilization

Week 9-10
Economics of Timber Harvesting

Week 11-12
Economics of  Regulatory Compliance

Week 13
Forests in Rural Economic Development
 

Week 14
Forests in a Global Economy

Week 15
Student Presentations

Week 16
Student Presentations
EXAM II
 

Exam 1                              20%
Exam 2                              20%
Quizzes                              20%
Assignments                       20%
Internet Project                  20%
Total  . . . . . . . . . . . . . . . .100%

Grading is traditional.

90-100%           A
80-89.9%          B
70-79.9%          C
55-69.9%          D
  0-54.9%          F

Make-Up Policy
Only prearranged or validated medical excuses will be accepted for rescheduling of an exam, quiz, or assignment.

Americans with Disabilities Act (ADA)
All students for whom this act applies should notify the instructor in person and in writing no later than the second session of the course so that arrangements can be made for accommodations to meet your educational needs and maximize learning.

Academic Honesty
The Academic Honesty Policy will follow the Student Conduct Code, SectionII, Article A.

[ Instructor |Readings  | Goals and Objectives | Subject Matter Outline |Course Assessment ]