Economics of Multifunctional and Innovative Forestry

Course Information
TitleΟικονομική της Πολυλειτουργικής και Καινοτόμου Δασοπονίας / Economics of Multifunctional and Innovative Forestry
Code84Υ
FacultyAgriculture, Forestry and Natural Environment
SchoolForestry and Natural Environment
Cycle / Level1st / Undergraduate
Teaching PeriodSpring
CommonNo
StatusActive
Course ID600019474

Programme of Study: PPS Tmīmatos Dasologías kai Fysikoý Perivállontos (2020-sīmera)

Registered students: 59
OrientationAttendance TypeSemesterYearECTS
Compulsory CoursesCompulsory Course845
Class Information
Academic Year2025 – 2026
Class PeriodSpring
Faculty Instructors
Weekly Hours5
Total Hours65
Class ID
600273765
Course Type 2021
Specific Foundation
Course Type 2016-2020
  • Scientific Area
Course Type 2011-2015
Specific Foundation / Core
Mode of Delivery
  • Face to face
Digital Course Content
Erasmus
The course is also offered to exchange programme students.
Language of Instruction
  • Greek (Instruction, Examination)
  • English (Instruction, Examination)
Prerequisites
General Prerequisites
There is no prerequisite.
Learning Outcomes
Upon successful completion of the course, the student will be able to: - Assimilate fundamental concepts of multifunctional forestry and innovation in the utilization of forest resources, as well as the entire value chain of forest production. - Expand their knowledge on contemporary issues such as the economics of climate change, bioeconomy, and ecological innovation. - Acquire the ability to evaluate investments in forests and the natural environment, as well as projects with an environmental focus. - Assess the value of forests using traditional forest economics models (e.g., Faustmann) as well as more modern approaches.
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)
The course focuses on modern approaches to forest economics and the importance of sustainability and innovation in managing forest resources. Students will learn to integrate fundamental concepts of multifunctional forestry and effectively utilize forest resources across the entire value chain of forest production. The content also addresses contemporary issues such as the economics of climate change, bioeconomy, and ecological innovation, preparing participants to understand how these factors impact forest production and exploitation. Emphasis is placed on the evaluation of investments in forests and the natural environment, as well as environmentally-oriented projects, enabling students to recognize opportunities in forest management. Additionally, students will acquire knowledge of forest valuation using classical models like the Faustmann model, alongside more modern approaches. Technology and innovation in managing forest enterprises are also key components, equipping students with skills to transition from theory to practice. Lastly, students will be able to stay informed about international developments in policies related to sustainability, environmental protection, and entrepreneurship.
Keywords
Multifunctional forestry, forest value, Faustmann, innovation, economics of innovation, bioeconomy, climate change, investments
Educational Material Types
  • Notes
  • Slide presentations
  • 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
- Presentation of PowerPoint slides, viewing of specialized videos, and web search. - Educational material and communication through e-learning platforms - email exchange. - Use of the electronic registry and submission of grading records.
Course Organization
ActivitiesWorkloadECTSIndividualTeamworkErasmus
Lectures521.7
Laboratory Work521.7
Reading Assigment411.4
Exams50.2
Total1505
Student Assessment
Description
The achievement of learning objectives will be assessed based on the written exam of the course. To secure a passing grade (at least 5), it is required to achieve a passing grade in the final exam, which includes: • Short answer questions covering the entire course material. • Problem-solving exercises related to the course content.
Student Assessment methods
  • Written Exam with Multiple Choice Questions (Summative)
  • Written Exam with Short Answer Questions (Summative)
  • Written Exam with Extended Answer Questions (Summative)
  • Written Assignment (Summative)
  • Oral Exams (Summative)
  • Performance / Staging (Summative)
  • Written Exam with Problem Solving (Summative)
  • Report (Formative, Summative)
  • Labortatory Assignment (Summative)
Bibliography
Course Bibliography (Eudoxus)
«Post-Faustmann Forest Resource Economics [electronic resource» Shashi Kant Και «Οικονομική Περιβάλλοντος και Φυσικών Πόρων» Tietenberg Tom, Lewis Lynne
Additional bibliography for study
Διαφάνειες μαθήματος Στάμου Ν. 1985. Οικονομική των δασικών εκμεταλλεύσεων Journal o fForest Economics Forest Policy and Economics Robert D. Atkinson And Stephen J. Ezell (2012). Innovation Economics: The Race For Global Advantage, Yale University Press. Bronwyn H. Hall and Nathan Rosenberg Handbook Of The Economics Of Innovation Volume 2, Pages 733-1256 (2010). Drucker, P. (1985), Innovation And Entrepreneurship, Harper Collins Publishers Inc. IUFRO 2008. The Multifunctional Role of Forests Policies, Methods and Case Studies. Βοργίας Κ. 2019. Εισαγωγή στη βιοοικονομία, εκδόσεις Τσότρας. Kant, S., & Alavalapati, J. (Eds.). (2014). Handbook of forest resource economics. Routledge.
Last Update
28-06-2025