| Environmental&Resource Econ |
EREC 411 - Environmental and Resource Economics Perspectives
Credits:
4.00
Microeconomic theory and analysis in resource management
and use decisions. Survey of significant resource problems
from an economic perspective and the application of economic
analysis. Cannot be taken for credit after ECON 402 or
equivalent. Special fee.
EREC 501 - Agriculture and Natural Resource Product Marketing
Credits:
4.00
Structure, organization, strategies and performance of the
business sector in agriculture, forestry, and other local
natural resource-based industries; commodity marketing
systems; demand estimation, pricing policies, consumer
characteristics, and related topics. Prereq: EREC 411 or
equivalent;/or permission. (Offered every other semester.)
EREC 504 - Business Management for Natural Resource Firms
Credits:
4.00
Planning, operation, and control of natural resource-based
firms with direct application to agriculture, aquaculture,
forestry, and recreational businesses. Emphasis on decision
making, problem solving, and operational strategies. Prereq:
EREC 411 or equivalent. Lab.
EREC 506 - Population, Food, and Resource Use in Developing Countries
Credits:
4.00
Economic, technical, cultural, social, and political
factors that influence food supplies, nutrition resource
use, employment, and income distribution in the developing
countries; the population explosion; strategies for
expanding food supplies; social and institutional
constraints, strategies and policies for economic
development. Prereq: EREC 411 or equivalent.
EREC #512 - Gulf of Maine Economic Resources
Credits:
1.00
Topics include fisheries management, oil and gas recovery,
and ocean minerals mining. Lab and fieldwork will include
opportunity to observe and interview those professionally
involved in harvesting marine resources in the Gulf of
Maine. Offered as a one-wee course at the Shoals Marine
Laboratory. Prereq: Introductory economics course or
permission. (Summers only.)
EREC 525 - Statistical Methods and Applications
Credits:
4.00
Applications of elementary statistical concepts and methods
including probability, descriptive techniques, statistical
inference and bivariate and multivariate statistical
analysis. Orientation is toward analysis and interpretation
of data commonly encountered in social science disciplines.
No credit for student who have completed ADM 430; BIOL 528;
ADMN 420; HHS 540; MATH 639; MATH 644; PSYC 402; SOC 502.
EREC 595 - Problems in Natural and Agricultural Resources
Credits:
2.00 to 4.00
Students pursue field, laboratory, or library problems in
natural and environmental resources that are not covered
by other courses. Faculty consultant and study topic must
be chosen before registration. In consultation with the
faculty adviser, students select the problem area, create
a bibliography for reflection, and pursue the topic. A
professionally written paper is expected at termination of
the study. May be repeated once for credit. Prereq:
permission.
EREC 596 - Problems in Natural and Agricultural Resources
Credits:
2.00 to 4.00
See description for EREC 595.
EREC 600 - Field Experience
Credits:
1.00 to 4.00
A supervised experience providing the opportunity to apply
academic experience in settings associated with future
professional employment and/or related graduate
opportunities. Must be approved by a faculty advisor
selected by the student. May be repeated to a maximum of 8
credit hours. Prereq: permission. CR/F.
EREC #604 - Financial Concepts for Natural Resource Firms
Credits:
4.00
Financial decision theory, risk management, investment
analysis, financial statement analysis, and asset appraisal
techniques with direct application to agricultural and
natural resource firms. Prereq: EREC 504. Lab.
EREC 606 - Land Economics Perspectives: Uses, Policies, and Taxes
Credits:
4.00
Economic and institutional perspectives affecting human use
of land resources; discussion of land ownership patterns
and uses; land rent, location, and resource use;
institutional constraints; partial ownership policies; and
local planning for more efficient use of land. Real estate
markets, transfers, valuation, and taxation. Prereq: EREC
411 or equivalent or permission. Special fee.
EREC 608 - Environmental Economics for Non-Economists
Credits:
4.00
This course will examine different aspects of natural
resource allocation and protection of environmental quality
from an economic standpoint. The course will examine the
economic factors which lead to environmental problems such
as air and water pollution, the common property problem, and
other areas where existing markets do a less than
satisfactory job of resource allocation. Economic incentives
for alleviating these environmental problems will also be
surveyed. Specific topics covered will include benefit cost
analysis, valuation of "nonmarket" goods, policy tools which
have economic bases, and sustainable development. Where
possible, guest lecturers from other disciplines and
selected films will be used to present alternative
viewpoints and stimulate discussion. Class participation is
encouraged and expected. Students completing this course
will gain an overview of key issues in environmental
economics, and how economics can be used as an aid in
policy decisions regarding natural resources. Prereq:
EREC 411, ECON 401 or their equivalents or permission.
Does not count toward major requirements for EREC electives.
EREC 611 - Marine Resource Economics
Credits:
4.00
Economic overview of the marine environment; interactions/
conflicts surrounding this multiple-use resource. Economics
of fisheries; marine recreation; offshore facilities;
aquaculture; waste disposal. Prereq: EREC 411 or equivalent
or permission. (Offered every other semester.)
EREC 627 - Community Economics and Finance
Credits:
4.00
Economic and financial factors affecting community and local
government decisions. Emphasis on use of economic theory and
analytical techniques to evaluate problems in contemporary
New England communities and towns. Prereq: EREC 411 or
equivalent. (Also offered as CD 627.) (Offered every fourth
semester.)
EREC 633 - Economics of Travel and Tourism
Credits:
4.00
Provides an understanding of both the microeconomic and
macroeconomic aspects of travel and tourism. Using economics
as a theory base, the course attempts to identify what is
significant or special about travel and tourism compared
with other activities. Special attention is given to issues
such as resource immobility, capacity constraints,
seasonality, and consumers' inability to experience the
product before purchase. Prereq: EREC 411 or equivalent.
(Also offered as TOUR 633.)
EREC #666 - Empirical Resource Economics: Methods and Techniques
Credits:
4.00
Integrates the theoretical, experimental, mathematical, and
statistical components of resource economics analysis.
Includes problem identification, data collection techniques,
data management, mathematical and statistical models, and
report generation. Methods and techniques discussed in
lecture are demonstrated using personal computers. Addresses
assumptions required by the models and techniques and their
relationship to the theory and analytical results. Prereq:
EREC 411 or equivalent; MATH 420; CS 401 (or 459); junior
standing and permission.
EREC 676 - Economics of Water Use and Quality Management
Credits:
4.00
Economics of water use; role of government and policy
agencies, water supply and demand, economic impact of water
and water quality standards, alternatives in quality
management, externalities, and methods of evaluation.
Prereq: elementary biological or physical science (or WARM
504); EREC 411 or equivalent. (Offered every third
EREC 704 - Economics of Policy Issues in Food and Natural Resource Use
Credits:
4.00
Economic analysis of current issues affecting food and
natural resource use, such as food, safety, air and water
pollution, land use and conservation, and waste management.
Economic, political, and social consequences of alternative
policies and programs are evaluated. Prereq: at least one
EREC 600-level course or permission. (Not offered every
year.) Writing Intensive.
EREC 708 - Environmental Economics
Credits:
4.00
Environmental pollution, the market economy, and optimal
resource allocation; alternative control procedures; levels
of environmental protection and public policy; property
right issues. Prereq: intermediate microeconomic theory;
permission. (Offered every third semester.) Writing
intensive.
EREC 710 - Seminar
Credits:
2.00 to 4.00
Seminars arranged to students' needs and offered as demand
warrants: A) Rural Development; B) Marine Economics; C)
Community Economics: D) Land and Water Economics: E)
Quantitative Methods; F) Recreation Economics; G) Small
Business Economic and Managerial Issues. In-depth treatment
of area, including classic works. May be repeated.
EREC 715 - Linear Programming and Quantitative Models
Credits:
4.00
Solving applied economic problems using linear and nonlinear
techniques with emphasis on problem specification and
interpretation of model results. Unit of analysis includes
individuals, firms, or communities as they address
contemporary problems dealing with resource allocation,
product distribution, and whole-firm organization. Computer
applications on both mainframe and personal computers
utilized for managerial decision making. Project required.
Prereq: permission. (Offered every other year.) Writing
intensive.
EREC 756 - Rural and Regional Economic Development
Credits:
4.00
Concepts and methods of delineating regional economies,
methods of measuring activity, regional development, and
public policies. Emphasis on empirical research studies.
Prereq: intermediate economic theory or permission.
Offered every third semester.) Writing intensive.
EREC 795 - Investigations
Credits:
2.00 to 4.00
Special assignments in readings, investigations, or field
problems. Topics may include agricultural marketing,
agricultural production and farm management, community
development, economics of human resources, economics of
population and food, land economics, marine economics, rural
economic development, regional economics, water economics,
or teaching experience. Prereq: permission. May be repeated.
EREC 799 - Senior Thesis/Honors
Credits:
4.00
Students develop and conduct individual research projects
related to applied resource economics under the direction of
a senior thesis committee. The resulting written thesis is
defended in an oral presentation before departmental faculty
and students. Prereq: permission, majors only, senior
standing. Writing intensive.