Not available at this time

Theoretical foundations and practical procedures of benefit-cost analysis as applied to public natural resource 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. Satisfies the Integrative Experience requirement for BS-ResEc majors when taken together with Res-Econ 394LI and 472.

An introduction to the use of laboratory experiments to better understand economic behavior. Topics include experimental design; markets and auctions; market mechanism design; bargaining; public goods, externalities and common-pool resources.

Economic analysis of the family where the economic theory is applied to the family decision-making and activities. Family resources, family internal and external activities, family choice, and selected programs for improving the economic well-being of the family will be examined in the context of the Microeconomic Theory.

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.

Applications of economics and statistical methods to the decision-making process. Topics include: production economics, demand analysis, forecasting, statistical cost analysis, pricing, and promotional strategies.

Description not available at this time

Not available at this time

Students will reflect on and integrate their learning and experience in the following activities: 1) Update personal e-Portfolio. During the updating of their e-Portfolio students will complete a series of activities in which they: - Reflect on the courses they have taken at UMass. - Identify skills that they have attained through this course work. - Explore careers in Resource Economics and identify the careers that are of interest to them. - Identify the skills needed to succeed in the career paths they have identified. - Produce a professional resume and a sample cover letter.