W. Michael Hanemann Chancellor's Professor Department of Agricultural & Resource Economics University of California 207 Giannini Hall Berkeley, CA 94720-3310 (510) 642-3345 (msg phone) Fax: (510) 643-8911 hanemann@berkeley.edu California Climate Change Center at UC Berkeley Related material

• RESEARCH  INTERESTS
• TEACHING
• EEP 162
• ARE 262
  
• CURRICULUM VITAE
• PUBLICATIONS
• GOLDMAN SCHOOL OF PUBLIC POLICY, UC BERKELEY

• ENV ECON 162 - Economics of Water Resources (3 units) Two hours of lecture and one hour of discussion per week. Prerequisites: ENV ECON 100 or ECON 100A or 101A; ENV ECON 101 also recommended.  Urban demand for water; water supply and economic growth; water utility economics; irrigation demand; large water projects; economic impacts of surface water law and institutions; economics of salinity and drainage; economics of groundwater management.

• ARE 262. Nonmarket Valuation. Prerequisite: Ph.D. level economic theory or consent of instructor. The economic concept of value; historical evolution of market and nonmarket valuation; revealed preference methods: single site demand, multisite demand, corner solution models, and valuation of quality changes; averting behavior; the hedonic method; contingent valuation; other stated preference methods: ranking, choice, conjoint analysis; the value of life and safety; sampling and questionnaire design for valuation surveys.

• ARE 298. Empirical Project. In their second year, students are required to conduct an empirical project in consulation with a faculty advisor. This project draws on material learned in ARE 212 and ARE 213 to address a question of substantial economic interest. Particular emphasis is placed on the development of an interesting research question; formulation of a consistent economic model; and on building strong connections between the predictions generated by theory and tested using the tools of econometrics. Resulting papers are presented in one or more seminars, and are evaluated, in part, by the student's peers.
  

For further information email Dr. Hanemann directly.