FOR 432/532 Economics of Recreation Resources- Winter 2006
| Instructor |
Dr. Randall S. Rosenberger
Rm. 109 Peavy
737-4425
e-mail:
|
TA |
Ryan Brown, Rm. 106 Peavy, 737-3888
Email:
|
Office hours |
Instructor: Tuesday & Thursday 11am-noon, or by appointment
TA: Wednesday & Friday 10am-11am |
Textbook |
Loomis, John B., and Walsh, Richard G. 1997. Recreation Economic Decisions,
2nd edition. State College, PA: Venture Publishing. |
Website |
Blackboard Global Gateway; http://my.oregonstate.edu/ |
Readings |
Reading of the textbook is required. Throughout the course, readings may
be assigned to supplement the text. |
Prerequisites |
Econ 201, and St 351, or equivalents. |
Course goals |
By the end of the term, you should be able to:
- Use basic economic concepts to analyze recreation issues, including benefit-cost
analysis and economic impact analysis; and
-Use sound techniques to estimate demand functions and values,
including the travel cost method (TCM), the contingent value method (CVM),
and
benefit transfer methods;
|
Class Format |
The class will be a combination of lectures and group discussions.
Please be prepared to ask questions about the course material. |
Grading |
FOR 432: Points and grades are assigned as follows: |
Grades: |
|
| |
Assigned reading reports
Homework Assignments
Project
Exam 1
Exam 2
Exam 3 |
5%
30%
15%
20%
15%
15% |
90-100
80-89
70-79
60-69
<60 |
A
B
C
D
F |
| |
FOR 532: Points and grades are to be determined.
Late work is accepted with point deductions (10% per day late). |
Assigned Reading Reports– additional readings will be assigned and will become the focal point of an in-class discussion the following class meeting. You are responsible for the reading, including writing a short report (1-2 paragraphs) about it or using it to help answer a couple of questions given to you. You are also expected to participate in the in-class discussions. These discussions are intended to help you understand the material provided in the lectures.
Homework Assignments–Homework assignments provide you with practice at using some economic tools to solve a problem. You are encouraged to work together, but you must turn in your own assignment. Even though the numerical answers should be similar across all students, your written answers should be in your own words.
Group Project– This project will also provide you with the opportunity to look deeper into the recreation economics literature and apply tools for economic analyses. The group project has you apply economic impact analysis and cost-benefit analysis to a natural resource/recreation issue of your choosing. Each group will present their results in class followed by a question and answer session. Everyone is expected to attend class on presentation day and participate in the question and answer session.
Exams– There are three exams in this course. Each exam is comprehensive; you are responsible for all material including lecture notes, in-class discussions and assigned readings. However, the bulk of each exam will focus on ‘new material’.
Labs– There is not a formal lab component to this course. Two or more labs will be offered sometime throughout the term. These labs will help you with the tools necessary to complete homework assignments. Attendance at these labs is voluntary; however, you are encouraged to attend. The meeting times for these labs will be determined to most conveniently fit your schedules.
Student conduct policy – We will follow university guidelines for student conduct: http://catalog.oregonstate.edu/ChapterDetail.aspx?key=75 .
Class Schedule (Tentative)
|
JAN 10
|
Introduction; Overview of the Course
Readings: Loomis & Walsh, Ch. 1 |
| 12-26 |
Economic Impact Analysis
Readings: Loomis & Walsh, Ch. 14
Lab 1 – MGM2 model
HW 1 – Economic Impacts of a Recreation Site
EXAM 1
|
| 31 |
Benefit-Cost Framework/Policy Issue Introduction
Readings: Loomis & Walsh, Chs. 19, 20
Group projects assigned
|
FEB 2-16
|
Demand Analysis Review/Econometrics
Readings: Loomis & Walsh, Chs.2, 3, 5, 6, 7, 8
Lab 2 – Regressions in MS Excel
HW2 – Regression model of recreation demand
Group Project parts 1 & 2 due FEB 4
Group Project part 3 due FEB 16
EXAM 2
|
| 21-28 |
Travel Cost Method (TCM)
Readings: Loomis & Walsh, Ch. 4, 9
|
| Mar 2 |
CVM
Readings : Loomis & Walsh, Ch. 10
HW 3 – Estimating economic values using CVM
Group Project part 4 due
|
| 7 |
Benefit Transfer
Reading: Loomis & Walsh, Ch. 11; Rosenberger & Loomis report
|
| 9 |
Pricing for Revenue
Readings: Loomis & Walsh, Ch. 17, 18
|
| 14 |
Group Project Presentations and Loose-ends
Group Project Reports (part 5) due
|
| 16 |
Review |
| MAR 24 |
EXAM 3 @ 7:30 AM
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