S1416A Economic Valuation of Non-Market Goods (short course)
Otrachshenko Vladimir
This course introduces some key topics in Environmental Economics. It is designed to help students understand and apply several important valuation techniques for non-market goods used in the real world by analyst and policy makers. There is a growing demand in economics and public sectors for people with quantitative skills who are able to understand and apply these techniques, analyze results, and elaborate reports. Furthermore, the ability to synthesize information into a few, easy to interpret statistics is an
invaluable analytical tool. By the end of this course, students should be able to analyze economic problems related to non-market goods using rigorous valuation techniques. Students will also beintroduced to the statistical software STATA.
Learning Outcomes
Upon completion of the course unit, students will be able to demonstrate an understanding of how valuation techniques can and should be applied to explore a range of economic issues. In specific, students will be able to,in terms of knowledge and understanding
- demonstrate understanding of verbal and statistical representation of economic ideas and analysis, including the relationship between them
- show understanding of statistical techniques
in terms of subject-specific skills
- become familiar with main features of valuation techniques
- study particular types of models and their special features
- conduct applied independent econometric research
in terms of general skills
- select and apply appropriate techniques to solve problems
Reading