Forest Economics II
| Title | ΔΑΣΙΚΗ ΟΙΚΟΝΟΜΙΚΗ ΙΙ / Forest Economics II |
| Code | 060Υ |
| Faculty | Agriculture, Forestry and Natural Environment |
| School | Forestry and Natural Environment |
| Cycle / Level | 1st / Undergraduate, 3rd / Doctorate |
| Teaching Period | Spring |
| Common | Yes |
| Status | Active |
| Course ID | 420000069 |
Programme of Study: PPS Tmīmatos Dasologías kai Fysikoý Perivállontos (2020-sīmera)
Registered students: 0
| Orientation | Attendance Type | Semester | Year | ECTS |
|---|---|---|---|---|
| Compulsory Courses | Erasmus | 1 | 1 | 5 |
| Academic Year | 2023 – 2024 |
| Class Period | Winter |
| Faculty Instructors | |
| Weekly Hours | 5 |
| Class ID | 600231913
|
Course Type 2021
Specific Foundation
Course Type 2016-2020
- Background
- Scientific Area
Course Type 2011-2015
Specific Foundation / Core
Mode of Delivery
- Face to face
Digital Course Content
- e-Study Guide https://qa.auth.gr/en/class/1/600231913
- eLearning (Moodle): https://elearning.auth.gr/course/view.php?id=16649
Erasmus
The course is also offered to exchange programme students.
Language of Instruction
- Greek (Instruction, Examination)
- English (Instruction, Examination)
Prerequisites
General Prerequisites
No prerequisites for attending the course
Learning Outcomes
Upon successful completion of the course students will be able to:
Understand the financial functions of a forest holding / business based on market data
Plan and evaluate the operation and viability of a forest holding / business
Be able to assess the value of individual parts of forest holdings
Evaluate investments in the forestry sector
Use Faustmann's methodology
Apply this knowledge in practice
Develop entrepreneurial spirit and to be able to implement an innovative idea in business
General Competences
- Apply knowledge in practice
- Retrieve, analyse and synthesise data and information, with the use of necessary technologies
- Adapt to new situations
- Make decisions
- Work autonomously
- Work in teams
- Work in an international context
- Work in an interdisciplinary team
- Generate new research ideas
- Design and manage projects
- Appreciate diversity and multiculturality
- Respect natural environment
- Demonstrate social, professional and ethical commitment and sensitivity to gender issues
- Be critical and self-critical
- Advance free, creative and causative thinking
Course Content (Syllabus)
Economics, Introduction to Forest Economics II
Production Process and production systems
The concept of cost in the forest production process
The concept of revenue in the forest production process
The concept of profit in the forest production process
Theory of supply and demand, Elasticity of demand, Elasticity of supply, Income elasticity
Forms and balance of the market of forest products and services
The theory of capital: evaluation of forest investments
Net Present Value, Cost-Benefit Ratio
Cost-Benefit Analysis
The problem of rotational time in Forest Economics
The theory of capital: risk analysis
The concept of tax in Forest Economics
Economics of forest services of the ecosystem
Forecasts - Statistical issues in Forest Economics
Keywords
Investment evaluation, Forest value, Faustmann Formula
Educational Material Types
- Slide presentations
- Multimedia
- Book
Use of Information and Communication Technologies
Use of ICT
- Use of ICT in Course Teaching
- Use of ICT in Laboratory Teaching
- Use of ICT in Communication with Students
- Use of ICT in Student Assessment
Description
Powerpoint presentations, special videos and web pages
Educational material and communication in elearning - email exchange
Use of electronic secretariat and submission of grades
Course Organization
| Activities | Workload | ECTS | Individual | Teamwork | Erasmus |
|---|---|---|---|---|---|
| Lectures | 50 | 1.7 | |||
| Laboratory Work | 50 | 1.7 | |||
| Reading Assigment | 45 | 1.5 | |||
| Exams | 5 | 0.2 | |||
| Total | 150 | 5 |
Student Assessment
Description
The achievement of the learning objectives will be evaluated based on the written examination of the course.
In order to obtain a passable grade (at least 5) it is required to achieve a passable grade of the final exam which includes:
-To answer questions from all the course material
-Solving exercises related to the subject of the course
Student Assessment methods
- Written Exam with Multiple Choice Questions (Formative, Summative)
- Written Exam with Short Answer Questions (Formative, Summative)
- Written Exam with Extended Answer Questions (Formative, Summative)
- Written Exam with Problem Solving (Formative, Summative)
- Labortatory Assignment (Formative, Summative)
Bibliography
Course Bibliography (Eudoxus)
«Post-Faustmann Forest Resource Economics [electronic resource»
Shashi Kant
«Οικονομική Περιβάλλοντος και Φυσικών Πόρων»
Tietenberg Tom, Lewis Lynne
Additional bibliography for study
Forest Policy and Economics (Journal)
Last Update
28-06-2022
