SKOG230 Resource Economics and Planning in Forestry

• Biological, technical, economical and societal background for the problems considered.
• Analyses of individual actions (e.g., planting, thinning, fertilization, alternative logging options, investments in machines and roads, maturity of the forest stand for clear-cutting, provision of ecosystem services) from an economic perspective.
• Analyses at property level (objective and guidelines, effect of taxation, use of bio-economic modelling for long-term analyses, risk, valuation of forest/forest property).

Knowledge:

• The student should obtain knowledge about the main economic decisions in forestry.
• The student should be familiar with the main principles of valuation of forest/forest property.

Skills:

The students should be able to prioritise between different forest management and investment alternatives according to criteria for an economically effective resource use under given ecological conditions.

General competence:

The students should be able to analyse the impacts of short- and long-term choices connected to planning and management of a forest property.