5 ECTS Dresden Year 1 Semester 2 Elective Other UWFMT22
Content
Contents of the module are
- Theory of action, in particular: Maximization principle, ageing principle, marginal principle, applied to forestry action problems, economics of silvicultural management of even-aged and uneven- aged pure and mixed stands, in particular: Investment models, stand greening, felling time and utilization rate, mixing proportions in forest plantations,
- Economics of land use, in particular: Basic model of land allocation, allocation of land between agriculture and forestry, analysis of the change in land use with changes in product and factor prices, land use in closed, open and mixed economies, combined land use, such as agroforestry and the like, and
- Economics of forest ecosystem services (ESS), in particular: Extension of the model of combined land use to ESS; methods of valuation of ESS and economic analysis of conflicts of use in the provision of ESS.
Learning outcomes
Students understand the economic interrelationships of forestry and know how statements and statement systems come about. They will be familiar with the most important instruments for the economic analysis of forestry and will be able to apply them on a case-by-case basis when analysing new problems or their own problems that are not too complex.
Teaching and learning methods
- 2 WTH lecture
- 1 WTH exercise
- 1 WTH seminar
- self-study
Type of assessment
- Individual
- Written exam
- Written exam (120 minutes)
Institution(s)
- Location: Dresden
- ECTS granting: Technische Universität Dresden
- Organisation: Technische Universität Dresden
