LESE312 - Economic Evaluation of Environment and Natural Resource, Fall 2009
This course provides basic principles and methods to evaluate environment and resource. Many public or private resource projects require rigorous evaluation analysis to verify their economic validity. Starting from the conventional Net Present Value method, the course covers various benefit-cost analysis methods which are widely used in evaluating resources including energy resources, and environmental resources. Partial list for covered evaluation methods includes NPV, BC ratio, real option analysis, contingent valuation method, hedonic price method and travel cost method.
Level
Undergraduate
Instructor
Professor Ho Jeong Park, Ph.D.
Division of Division of Food and Resource Economics, Korea University
E-mail. hjeongpark@korea.ac.kr
Course Description
This course provides basic principles and methods to evaluate environment and resource. Many public or private resource projects require rigorous evaluation analysis to verify their economic validity. Starting from the conventional Net Present Value method, the course covers various benefit-cost analysis methods which are widely used in evaluating resources including energy resources, and environmental resources. Partial list for covered evaluation methods includes NPV, BC ratio, real option analysis, contingent valuation method, hedonic price method and travel cost method.
Course Structure
75 minute long classes,- twice weekly
