This course will cover important economic principles relevant to natural resource management with an emphasis on forest-based resources. Topics will include supply and demand, pricing, investment evaluation, net revenue maximization, non-timber forest products and the emerging field of ecosystem service valuation. These topics will be explored through a variety of case studies, both domestic and international in scope. Emphasis will be placed on learning to construct strong, defensible, land-use arguments through the use of quantitative analysis.
ECN 200 or an equivalent economics course