| Modulname |
Basics of Forest Economics (UNIC) |
| Gebiet |
|
| Profil |
Profil Liberal Arts Education
Profil International
Profil Freie Studien
|
| CPs |
5 CP |
| Campus |
Hier geht
es zum Vorlesungsverzeichnis |
| Voraussetzungen |
Basic of mathematics
Basic using of MS Excel or similar tool
The module is held in English, so sufficient language skills are required. |
| Besonderheiten |
TN-Plätze: 10/30 Participant places
Termin der ersten Sitzung: October 14th, 2021 at 10am ECT Online via Zoom or Microsoft Teams
Anmeldung:
Registration for the winter semester 2021/22 takes place via e-mail: Teacher: Karlo Beljan kbeljan@sunfak.unizg.hr and Expert associate for international cooperation: Katarina Korov kkorov@sumfak.hr
After successful registration, please send an email with registration confirmation to ecampus-optionalbereich@rub.de. This is necessary so that registration in Campus can take place after successful completion of the module.
Prüfungstermin: Test: on the class end there will be a writing and oral exam.
Zusammensetzung der Endnote:
10% Submitting correctly solved exercises (in time), 50% Home Project, 20% Writing exam, 20% Oral exam.
If you have any questions about the module, please contact instructor Karlo Beljan (kbeljan@sumfak.unizg.hr ) |
| Blockseminar |
Nein |
| Vorkenntnisse |
Basic of mathematics
Basic using of MS Excel or similar tool
The module is held in English, so sufficient language skills are required. |
| Veranstaltungszeit |
siehe Campus |
| Dozenten |
Karlo Beljan, University of Zagreb, kbeljan@sumfak.unizg.hr |
| Arbeitsaufwand |
Attendance on on-line course,
Student is obligated to solve individual project tasks (exercises),
The last segment (the most important) is a Home project which is supposed to be submitted by end of semester. |
| Literatur |
Klemperer, W.D., 1996. Forest Resource Economics and Finance. McGraw-Hill, New York.
Hyde, W.F., 2012. The global economics of forestry, The Global Economics of Forestry. Abingdon. |
| Modulteil |
siehe Campus |
| Modultyp |
siehe Campus |
| Modulanbieter |
UNIC University of Zagreb |
| Inhalt |
Teil 1: Basics of Forest Economics (Lecture), WS 2021/22, online, every Thursday from 10 to 11:30am CET (dates: October 14th, 21st, 28th, November 4th, 11th, 18th, 25th, December 2nd, 9th, 16th, 23th, January 13th, 20th, 27 th
Teil 2: Basics of Forest Economics (Exercise), WS 2021/22, online, every Thursday from 11:45 to 12:15am CET (dates: the same as Teil 1). In the communication with students it is possible to make agreement that exercises will be provided immediately after lectures (without planned 15 min coffee break).
In this module the following topics will be covered: Name, concept, subject and methods of forestry economics. Characteristics of forestry economics and its place in science.
Forest as a socio-economic category. Forest functions. Specificity of production process in forestry. Biological-technical characteristics and economic features. The ranking and importance of forestry. Characteristics of the forests in relation to ownership. The relationship between forestry and wood processing industry. Forest products trade. Share of forestry in gross domestic product. The basics of natural resources economy of, the basis of environmental pollution economic, the essential features of forestry (economic and market determinants).
Natural resources, the importance of forest resources and consumers. The basic market laws and their impact on the forest resources price formation. Supply and demand law. Manufacturing in forestry. Duration, activity and multifunctional character of production in forestry. Specificities of forestry planning process. Land as a resource, forest rent and forest tax.
Meaning of forest as capital. Interest account application.
Inhaltliche Beschreibung Teil 1: The lecture will cover one topic per week. The following topics will be covered in order:
1. Introduction
2. Microeconomics Review
3. Forestry and the Free Market 4. Forest as a Capital I
5. Forest as a Capital II
6. Determining forest values
7. Inflation and Forest Investment Analysis
8. Capital Budgeting Techniques
9. Capital Budgeting in Forestry
10. Economics of Forestry and Even-aged rotations 11. Optimal Timber stocking
12. Risk Analysis
13. Basics of marketing in forestry
14. The role of forestry in the bioeconomy
15. Investing in forestry via Stock Exchanges
Inhaltliche Beschreibung Teil 2 : In the tutorial, the topics covered in the lecture are deepened by means of exercises. |
| Lernziele |
Get acquainted with economic and financial aspects of natural-based forestry
Learn how to asses forest’s monetary values
Calculate investment outcomes for capital invested in forestry
Student will be educated to decide on investment positive/negative characteristics
when investing in forestry
5. Learn how to make comparison between investing in forestry and competitive branches |
