| Forest & Landscape | |||||||||||||||
| Earliest Possible Year | MSc. 1 year to MSc. 2 year | ||||||||||||||
| Duration | One block | ||||||||||||||
| Credits | 7.5 (ECTS) | ||||||||||||||
| Course Level | MSc | ||||||||||||||
| Examination | Final Examination oral examination Some Aid allowed Description of Examination: Oral examination, 30 minutes, questions provided two weeks beforehand, students may bring along a short outline of how they will respond to the question drawn. Weight: 100% 7-point scale, external examiner | ||||||||||||||
| Requirement For Attending Exam | One written assignment delivered | ||||||||||||||
| Organisation of Teaching | Lectures, seminars, exercises | ||||||||||||||
| Block Placement | Block 2 Week Structure: C | ||||||||||||||
| Teaching Language | English | ||||||||||||||
| Mandatory Prerequisites | 290020 Introductory Economics 310015 Nature and Landscape Politics 290046 Economics of Forest and Nature Management Or similar courses | ||||||||||||||
| Restrictions | None | ||||||||||||||
| Course Contents | |||||||||||||||
| Introduction to general economics of biological production and capital investment. Production economics and investment theory of forests and natural resources: Fundamentals of forest economics; interest, depreciation and opportunity cost; optimal rotation age in timber production and including amenity values; valuing forestland under the risk of hazards to crop survival; planting and natural regeneration; thinning and other types of resource control; forest economics under uncertainty; The economics of continuous cover forestry (close-to-nature forestry). Applied economic analysis as a management tool, including cases from relevant enterprises in the forest and nature based sector. Welfare economic aspects of forests and natural resources: Economic evaluation of non-marketed goods and services. Payment for environmental services. Regulation and taxation of forests and natural resources. Discounting in the context of multiple objectives; stated and revealed preference analysis; sustainability, economics and ethics; ethical perspectives on natural resource management. | |||||||||||||||
| Teaching And Learning Methods | |||||||||||||||
| The core subjects are presented through overview lectures and/or seminars and exercises. During exercises students will work with a series of assignments which will have to be delivered jointly before exam. Students are supposed to do self-studies of supplementary materials on (i) fundamentals for comprehending core subjects, (ii) in-depth studies of core subjects. Teacher(s)will be available for seminars/exercies and for answering questions with regard to self-studies. | |||||||||||||||
| Learning Outcome | |||||||||||||||
| The course aims at imparting to the students a thorough understanding of economic reasoning and knowledge of how to apply economics as a tool for decision-making on the utilisation of forests and other (renewable) natural resources in rural and urban environments. When the course is finished, it is expected that the student can/have: Knowledge: An overview of the basic theory of production economics, capital investment and socio-economics Skills: Show understanding of the theory and perform calculus using the general theory applied on forest and natural resource problems. Competences: Acquire awareness of reasoning behind the applied methods and following ability to judge usefulness and limitations of the methods. Ability to draw professional perspectives. | |||||||||||||||
| Course Litterature | |||||||||||||||
| Finn Helles & Jette Bredahl Jacobsen: Lecture notes 2007: Applied Forest and Natural Resource Economics. New version in 2008. Additional material will be provided | |||||||||||||||
| Course Coordinator | |||||||||||||||
| Jette Bredahl Jacobsen, jbj@life.ku.dk, Forest & Landscape Denmark/Unit of Forestry, Phone: 35331746 | |||||||||||||||
| Study Board | |||||||||||||||
| Study Committee NSN | |||||||||||||||
| Course Scope | |||||||||||||||
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