F&ES 795b

Nature as Capital

2015-2016
Credits: 3
Spring 2016: Time and location TBA
 

 

The course is designed to familiarize students with concepts and tools for valuing ecological structures (broadly defined) as forms of capital with a specific link to quantitative measures that may be useful in assessing sustainability. Students gain a working knowledge of concepts necessary to apply capital theory to ecosystems and develop a skill set sufficient to build dynamic bioeconomic models that can help them approximate the value of changes in ecosystems. Students also learn tools in dynamic optimization, which are useful for forward-looking decision making