Examination of the theory and application of economic assessment methods with a focus on the evaluation of environmental, agricultural and natural resource projects, regulatory policy, and planning. Includes case studies of recent project and policy proposals to illustrate the methods used to evaluate economic benefits and costs of such proposals. Applications to estimating private economic benefits. Not to be taken if credit received for AREC 430. Prerequisite: AREC 200, AREC 365, or ECON 281, or consent of instructor.