ECON 548 Spring 2011 Lecture10

ECON 548 Spring 2011 Lecture10 - E CON/ENVR 548 Spr ing...

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ECON/ENVR 548 Spring 2011 Lecture 10 Jason H Murray
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Exam 1 Curve formula on blackboard Exams available in my office Re-grading requests must be made in writing.
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Final Projects Group (or individual) proposals due Wednesday: March 2 nd Can be original study groups / other groups or individual. Proposal: 5-10 sentences about your project Who you are advising Nature of Environmental or Resource related decision Ideas on where you will find
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Benefit – Cost Analysis EB t ~ Expected Benefits in time t Each possible benefit in $, multiplied by its probability EC t ~ Expected Costs Each possible cost in $, multiplied by its probability δ ~ (‘delta’) ~ discount rate Might be the interest rate Might be personal preference Might be government mandate
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3 possible Investments 3 possible Investments Which is preferred if i.) r =.01, ii.) r =.05, iii.) r = .1   ? Initial yr 5 yr 10 Investment Cost Return Return Nothing 100 100 450 Golf 100 225 300 Hotel 100 300 200
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This note was uploaded on 06/16/2011 for the course ECON 548 taught by Professor Murray during the Spring '11 term at South Carolina.

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ECON 548 Spring 2011 Lecture10 - E CON/ENVR 548 Spr ing...

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