Virtual - Economic Guidance for Coastal Management Professionals

abstract background image with blue overlay

Overview

Coastal managers often need economic valuation information for project proposals, assessments, or funding applications. The following modules provide information about approaches for economic analysis, relevant examples, and guidance on how to conduct basic benefit-cost analysis and ecosystem service valuation. Hosts of this training can customize their workshop by selecting one or more of the following modules.

To host this virtual course, contact ocm.tms@noaa.gov.

The Office for Coastal Management also offers an instructor-led, onsite version of this course.

Details

Module 1: Introduction to Economic Analyses and Valuation

This module provides an introduction to economic analysis terminology related to benefit-cost analysis, economic impact analysis, cost-effectiveness analysis, benefit valuation methods, and more. Understanding these basics will help participants identify the most appropriate approach and the data needed.

Learning Outcomes

  • Recognize and understand basic economic terminology
  • Recognize relevant economic approaches and analyses
  • Identify the best approach to use based on project objectives, level of expertise, and funding
  • Locate support tools
  • Conceptualize appropriate questions to ask an economist or an expert

Duration: 90 minutes


Module 2: Pathways to Valuing Ecosystem Services

This module provides an overview of three common paths used to estimate the value of ecosystem services: site-specific studies, benefits transfer, and tools with built-in benefits. Each path will include information on its strengths and limitations, and on relevant support tools such as BlueValue (for benefits transfer) and the FEMA Benefit-Cost Analysis Toolkit (for tools with built-in benefits).

Learning Outcomes

  • Discuss ecosystem service valuation terminology
  • Conduct a rough benefits-transfer estimate
  • Choose the proper pathway for ecosystem service valuation based on available time, funding, and expertise
  • Access relevant support tools and valuation data

Duration: 90 minutes


Module 3: Introduction to Benefit-Cost Analysis

This hands-on module provides the necessary contextual and background information to supervise a basic benefit-cost analysis. Learners will explore an applied example and practice completing steps of a benefit-cost analysis. It’s designed for anyone who (1) needs to supervise, contract, or evaluate a benefit-cost analysis or (2) better understand benefit-cost analysis tools.

Learning Outcomes

  • Determine when, why, and how to do a benefit-cost analysis
  • Implement the steps needed to conduct a basic benefit-cost analysis
  • Interpret analysis results
  • Recognize and interpret important economic terms and concepts
  • Locate support tools and data
  • Identify special considerations for nuances of benefit-cost analysis (i.e., equity, future conditions, and distributional aspects)

Duration: 3 hours


Participant Requirements

  • Internet connection
  • Webcam
  • Headset, or speakers and a microphone
  • Access to Google Meet

Continuing Education Credits

Depending on the number of modules attended, this course offers one and a half to seven hours of continuing education credits for the American Institute of Certified Planners.

Host Course Request
Virtual - Economic Guidance for Coastal Management Professionals
  • Host Information
  • Where and When?
  • Review

Host Information

Privacy Act Statement * indicates required field
First name is required
Last name is required
Valid email address is required
10 digit phone number is required
Name with upper and lower case letters required
Organization type is required

Where and when would you like the course to take place?

* indicates required field
City is required
State is required
5 digit zip code is required
Region is required

Review Your Request

* indicates required field

Thank you, {{= firstName }}

We've received your request. A trainer will be in touch with you shortly to discuss the details of your request.

Explore our classroom course catalog for additional courses to host for your organization.