AAE / Econ / Forest 531

Natural Resource Economics

Instructor: Dave Lewis

Syllabus (Fall 2008)

Announcements

Welcome to the website for natural resource economics (AAE / Econ / Forest 531). This course is taught every fall semester. Please check this website regularly.

Topics for the Next Class

No more classes. Final exam is on Tuesday, December 16 at 10:05am in Moore 351. Please bring a calculator.

Dave’s office hours:

12/11/08: 4-5pm

12/12/08: 9:30-10:30am

12/15/08: 3-4:30pm

Notes

Derivation of the fundamental equation of renewable resources (PDF)

Numerical allocation examples from chapter 2 (Depletion) (Approach Path)

Alternative derivation of Faustmann rotation and timber supply effects (PDF)

Mills’ option value model of urban sprawl (PDF)

Class notes for 12/2 on sustainable development (Slides)

Uncertain discounting simulation (Excel)

Coevolution simulation (Excel)

Easter Island simulation (Excel)

Homework

Homework #1 (PDF): Due on 9/23/08

Homework #2 (PDF): Due on 10/2/08

Homework #3 (PDF): Due on 10/16/08

Homework #4 (PDF): Due on 11/13/08

Homework #5 (PDF): Due on 12/4/08

Homework Solutions

Homework #1 Solutions (PDF)

Homework #2 Solutions (PDF) (Excel)

Homework #3 Solutions (PDF) (Excel)

Homework #4 Solutions (PDF) (Excel)

Homework #5 Solutions (PDF) (Excel)

Exam Solutions

Practice Exam #1 (PDF) (Solutions)

Exam #1 Solutions (PDF)

Practice Exam #2 (PDF) (Solutions)

Exam #2 Solutions (PDF)

Links

Last Updated: 12/16/08 1:25 pm