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Principles of welfare economics; introduction to noncooperative game theory; theories of imperfect competition; the provision of public goods and the control of externalities, and the economics of information.

Introduction to econometric methods: the general linear models, nonspherical properties, generalized least squares, and restricted least squares. Also estimation with limited dependent variables, dichotomous choice and causality testing.

Not available at this time

Independent study and research on selected problems in resource economics.

Not available at this time

Theoretical foundations and practical procedures of benefit-cost analysis as applied to public natural resources and environmental projects, programs and regulations. Critical discussion of strengths and weaknesses of this tool. Topics from water resources, land use, outdoor recreation, air quality, coastal zone management, and other natural resources and environmental areas. BS-ResEc majors can satisfy their Integrative Experience requirement by taking this course plus Res-Econ 394LI and 472.

Rationale and structure of public policies that affect the operation of private markets in the U.S., with special emphasis on consumer goods industries. Focus on antitrust and competition policies (e.g., those covering collusive restraints of trade, monopolization, and mergers) and on policies that affect product quality and information (e.g., product standards, regulation of advertising and labeling). Extensive use of cases and examples in class and homework. Prerequisite: RES-ECON 452.

Application of economic theory and quantitative analysis to the managerial decision-making process. Topics include: cost and production economics, demand analysis, business forecasting, investment project evaluation, and pricing and promotional strategies.

Economic analysis of the financial resource management for a small business. It examines issues such as financial statements and financial planning, capital budgeting and management, investment, risk, profitability, and forecasting.