Francis E Greulich
F M 360
Basic concepts of production theory, accounting, investment analysis, supply and demand, and their application to the management of forested properties. Prerequisite: ECON 200; either MATH 124, MATH 127, or Q SCI 292; recommended: a course in economic principles, college algebra. Offered: AW.
Topics: Optimization techniques including linear and nonlinear programming, management system simulation, concepts of interest and time evaluation of alternatives, marginal cost analysis and computer spreadsheet assisted analysis.
Format: The first weekly meeting will be a lecture/question-response/discussion period. The second weekly meeting will emphasize application of the concepts covered in the lecture. Particular use will be made of the MS ExcelŽ spreadsheet program. The third weekly meeting will be dedicated to reviewing the lecture and lab material of the week.
Prerequisites: Algebra, analytical geometry, differential and integral calculus, stand growth and yield concepts and common PNW silvicultural treatment activities.
Class Assignments and Grading
Generally an application of the concepts learned during the lecture period. These concepts are applied during the lab and the student is asked to work additional related problems as homework. There is no textbook but material is posted on the course website.
Equal weight will be applied to the collected homework, the midterm and final examination.