Objective: Understand the techniques that are commonly used to place a value on the environment. Also be able to describe decision making criteria and assessment methods.

Read the following chapters in An Economic Approach to Environmental and Natural Resources.
Chapter 4 – Valuing the Environment
Chapter 5 – Environmental Decision Making: Criteria and Assessment Methods

Quiz (50 points) Date Completed ________________ Points ____
Take Quiz 2 consisting of ten short answer questions over the material. You’ll have three shots at the quiz. Since the questions are short answer, not multiple choice, I will have to grade it. Do it early so I have time to grade it and get it back to you. Then you’ll be able to decide whether or not you want to take it again.

Discussion (25 points) Date Completed ________________ Points ____
The Phoenix Mountian Preserve is a collection of undeveloped areas throughout the city. In a post in the discussion area, describe how you might use one of the valuation techniques described in Chapter 4 to place a value on the Phoenix Mountain Preserve. (20 points)

Also provide your feedback on someone else's post. (5 points)

Discussion (25 points) Date Completed ________________ Points ____
Choosing a discount rate for future costs and benefits can be a critical part of determining future value. In a post in the discussion area, explain what you think the best discount rate should be for valuing future costs and benefits. (20 points)

Also provide feedback on someone else's post. (5 points)

Total points for Module 2 (100 possible) Your point total ____