Economic analyses of forestry problems
Course description
The course discusses sustainable use of forests from an economic perspective. The course focuses on how plans, harvest and valuation of forest are pursued based on forest owners’ preferences. Swedish taxation is also included in the course.
Entry Requirements
Exceptions are allowed from the requirement of basic competence in Swedish.
Course facts
FÖ0483, Economic analyses of forestry problems, 7.5 Hp
Print syllabus
Syllabus
Finalized by: Programnämnden för utbildning inom skog (PN-S), 2022-11-15
Valid from : Autumn semester 2023 (2023-08-28)
Level
First cycle (G1F)
Main field of study
Business Administration, Economics
Grading Scale
5 / 4 / 3 / U
The grade requirements within the course grading system are set out in specific criteria. These criteria must be available by the course start at the latest.
Course language
English
Entry Requirements
Exceptions are allowed from the requirement of basic competence in Swedish.
Objectives
The course focuses on developing an understanding of optimally managing forests and forest properties, with a particular focus on optimizing forest land value and on supporting forest owners's decisions. The analysis of forest management under damage risks are also covered.
Upon completion of the course the student should be able to
- account for different criteria to analyze decision-making problems under risk and uncertainty
- construct decision-making models and apply them to common forestry decision-making problems
- analyze and discuss the balance between different types of benefits in the context of sustainable forest management
- apply decision-making models to common problems in the forest sector
- estimate and interpret the economic and financial consequences of different forest management decisions
- apply commonly used methods for valuing forest and forest land
- analyze and discuss trade-offs in the context of sustainable forest management
- orally and in writing, present and discuss forest management decision-making problems
- in English, orally and in writing, present and discuss the decision-making process to respond to forest management problems.
Content
The course consists of two parts. One part covers investment and decision theory, modelling of forestry decision-making problems and various numerical optimization and simulation methods. These tools are applied to study different forest decision-making problems, both under certainty and under risk and uncertainty. The other part of the course deals with valuation of forest properties.
Implementation
The course uses a variety of teaching methods to promote student learning and discussion through problem-based learning (PBL) through lectures, exercises, and case studies.
The course focuses on the following general skills
Orally and in writing present and discuss decisions in forest management.
The following is mandatory
Seminaries and exercises
Examination Formats and Requirements for Passing the Course
Approved exam, approved presentation and completed mandatory parts
- If a student has failed an examination, the examiner has the right to issue supplementary assignments. This applies if it is possible and there are grounds to do so.
- The examiner can provide an adapted assessment to students entitled to study support for students with disabilities following a decision by the university. Examiners may also issue an adapted examination or provide an alternative way for the students to take the exam.
- If this syllabus is withdrawn, SLU may introduce transitional provisions for examining students admitted based on this syllabus and who have not yet passed the course.
- For the assessment of an independent project (degree project), the examiner may also allow a student to add supplemental information after the deadline for submission. Read more in the Education Planning and Administration Handbook.
Responsible Department/Equivalent
Department of Forest Economics
Supplementary information
Included in program
- Forest Science (BSc)
Module set
| Title | Credits | Code |
|---|---|---|
| Single module | 7.5 | 0001 |
The Course Replaces
SG0248 Forest Economic analysis replaces partly this course
Other Information
SG0248 Forest Economic Analyses was offered last time fall 2022. For students who did not complete the examinations and other requirements for the course may participate in examinations of this course.
SLU is environmentally certified according to ISO 14001. Many of our courses address knowledge and skills that contribute positively to the environment. To further strengthen this, we have specific environmental goals for education. Students are welcome to suggest measures in the course design and implementation that lead to environmental improvements. For more information, see SLU’s website, www.slu.se. SLU is also a PRME-certified university, Principles for Responsible Management Education (http://www.unprme.org/).
- The right to participate in teaching and/or supervision only applies for the course instance the student was admitted to and registered on.
- If there are special reasons, students are entitled to participate in components with compulsory attendance when the course is given again. Read more in the Education Planning and Administration Handbook.