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FOR 2022 Financial Analysis for Natural Resources

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  Date   Topic Assignment Due KEY Reading
01.10 Lecture 01 Class intro, time value of money, opportunity costs     Section 1
  01.15   No class - CSREES reporting      
01.17 Lecture 02 Simple and compound interest      
01.22 Lecture 03 Time line and financial conventions HW01  
01.24 Lecture 04 Single payment equations: present and future value Quiz 1  
  01.29   No class - CSREES reporting      
01.31 Lecture 05 Using the single payment equation in a spreadsheet     Section 2
02.05 Lecture 06 Terminating series of annual payments: present and future value

HW02

  
02.07 Lecture 07 Terminating series of periodic payments: present and future value      
02.12 Lecture 08 Perpetual series of annual and period payments

Quiz 2

  
02.14 Lecture 09 Sinking fund and capital recovery      
02.19 Lecture 10 Choosing the correct financial equation      
  02.21 Lecture 11 Back to spreadsheets - entering more complex formulas

HW03

  
  02.26 Lecture 12 Review for mid-term exam      
  02.28 Lecture 13 Mid-term exam    
03.04 Lecture 14 Payback period      
03.06 Lecture 15 Rate of return      
  03.11   Spring Break      
  03.13   Spring Break      
03.18 Lecture 16 Interpreting financial narratives (again!)      
03.20 Lecture 17 Benefit / cost ratio      
03.25 Lecture 18 Equal annual equivalent (EAE)      
03.27 Lecture 19 Soil expectation value (SEV)      
  Lecture 20 Marginal Analysis

Quiz 03

  
  Lecture 21 More on marginal analysis      
  Lecture 22 Inflation, real and nominal prices and price indices Quiz 04  
  Lecture 23 Sunk and opportunity costs

HW 04

  
  Lecture 24 Sensitivity Analysis      
  Lecture 25 Risk and expected values

HW 05

  
  Lecture 26 Review for final exam Quiz 05  
             
             

 

 

 

 

 

 

FOR 4684 Natural Resource Economics and Management.

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  Date   Topic
08.23 Lecture 01 Introduction, economic thought, unique aspects of forest economics
  08.23 Lab 01 Pre-test
08.28 Lecture 02 Demand

Handout 01

 Basic demand and elasticity concepts
08.30 Lecture 03 Supply and production economics

Handout 02 Aggregating individual firm supply curves to market supply curves
08.30 Lab 02 Introduction to FVS
09.04 Lecture 04 Supply and demand interactions, market failures (CORRECTED)
09.06 Lecture 05 Market failures and government interventions
  09.06 Lab 03  
09.11 Lecture 06 Short-run timber demand
09.13 Lecture 07 Short-run timber supply
  09.13 Lab 04 TBA
09.18 Lecture 08 Long-run timber supply and demand
  09.20 No class- Arkansas Forest & Paper Council meeting
  09.20 Lab 05 MID TERM EXAM I
09.25 Lecture 09 Valuation and appraisal
09.27 Lecture 10 Non-market forest outputs
09.27 Lab 06 Management project
10.02 Lecture 11 Wildlife and water economics

G3698_1

 The economic value of water (Univ. of Wisconsin Extension Bulletin)
10.04 Lecture 12 Taxation principles and theory
10.04 Lab 07 Calculating forest taxes
10.09 Lecture 13 Economics of the forest products industry in Arkansas and the US
10.11 Lecture 14 Growth and yield concepts
  10.11 Lab 08 Recreation economics and travel cost model
10.16 Lecture 15 Yield tables, stand table projection, and optimal "biological" rotation determination
10.18 Lecture 16 Rotation determination for single tree
  10.18 Lab 09 MID-TERM EXAM II
  10.23 No class - National SAF convention
  10.25 No class - National SAF convention
10.30 Lecture 17 Optimal level of reserve growing stock for uneven-aged management
11.01 Lecture 18 Even-aged rotation determination
  11.01 Lab 10 More on even-aged rotation determination and lecture make up time if needed.
11.06 Lecture 19 Normal forest model and forest regulation
11.08 Lecture 20 Determining sustainable harvest levels
  11.08 Lab 11 MID TERM EXAM III
11.13 Lecture 21 Forest planning concepts
11.15 Lecture 22 Introduction to harvest scheduling

11.15 Lecture 22 Some examples of timber harvest schedules (will be discussed in class)
11.15 Lecture 22 Important linear programming handout.  It explains the entire process we discussed in class.  Read before next class meeting!
11.15 Lab 12 Developing alternatives for a harvest scheduling model
11.20 Lecture 23 Defining objectives mathematically
11.22 No class - Thanksgiving Holiday
11.27 Lecture 24 Developing constraints for harvest scheduling models
  11.29 Lecture 25 Presentation of management plans (BY STUDENTS)
11.29 Lab 13 Running a complete harvest scheduling model and interpreting the results.
  12.04 Lecture 26 More on harvest scheduling: interpretation, multiple goals, spatial (adjacency) constraints)
  12.06 Lecture 27  Final course review material
  12.06 Lab 14 MID TERM EXAM IV
       
Final Exam on Tuesday 11 December 2007 at 0800-1000 hrs