733303 Forest resource economics


Type
Lecture and seminar
Semester hours
3
Lecturer (assistant)
Sekot, Walter , Metzker, Marietta
Organisation
Offered in
Wintersemester 2021/22
Languages of instruction
Englisch

Content

Forests from the viewpoint of resource economics; Basical concepts of environmental economics; forest services and related types of values; valuation techniques; opportunity costs of alternative management regimes; forestry accounts at the national level

Previous knowledge expected

basic understanding of managerial as well as forestry economics (bachelor level)

Objective (expected results of study and acquired competences)

Describe basic concepts of environmental economics.
Recall basic understanding of managerial as well as forestry economics.
Explain the various concepts of cost and values, such as opportunity cost and option value.
Describe valuation techniques such as TCM, HPM and CVM.
Discuss methodological issues of forest accountancy data networks.
Calculate forestry-specific ratios such as the indicating percent.
Assess forests from the viewpoint of resource economics.
Assess forestry accounts at the national level.
Compare various valuation techniques.
Establish the total economic value of forests.
Relate economic implications of the various forest uses and services.
Assess economic implications of mountain forestry.
You can find more details like the schedule or information about exams on the course-page in BOKUonline.