Self-reflection Essay Questions:
Please answer the following self-reflection essay questions. After formulating your answers, you may post them online at the Knowledge Café for this course as a way to share your ideas and glean knowledge from other students’ responses.
- What is utility and how do you relate this concept in economic valuation?
- Differentiate between consumer and producer surplus.
- What is the appropriate framework for conducting economic valuation of forest ecosystem services?
- Differentiate between the Marshalian and Hicksian consumer surplus.