Forest economics (3 cr)
Code: C-10088-LM00CM10-3003
General information
- Enrollment
- 01.08.2024 - 06.01.2025
- Registration for the implementation has ended.
- Timing
- 08.01.2025 - 10.03.2025
- Implementation has ended.
- Number of ECTS credits allocated
- 3 cr
- Local portion
- 3 cr
- Mode of delivery
- Blended learning
- Institution
- University of Eastern Finland
- Teaching languages
- Finnish
- Seats
- 0 - 50
- Course
- C-10088-LM00CM10
Evaluation scale
Five step scale
Objective
This study unit is taught in Finnish. The translation has not been updated after 31 July 2025. Please change the language to Finnish in Peppi and read the description in Finnish. Upon the completion of the course, the students are expected to understand the fundamentals of forest economics, to be able to apply investment calculations, and to understand the rationale for economic calculations supporting forest management decisions. The students are also expected to understand the basic characteristics of the business environment of enterprises on forest sector. The students also learn to know the concepts of multiple-use forestry and ecosystem services among the use of forests.
Methods of completion
Classroom teaching
Methods of completion
Lectures (20 h), exercises (10 h), literature, exam. Evaluation is based on the exam.
Content
Fundamentals and basic concepts of neoclassical economics. Capital budgeting in forestry. Economics of timber production. Including multiple-use of forest into economical analysis. Profitability analysis of forestry. Defining economic value of forest holdings. Business environment of forest sector firms. Economic value of ecosystem services.
Materials
Kuuluvainen, J. ja Valsta, L. Metsäekonomian perusteet. 2009.
Exam schedules
Registration for the general exam is through the Exams in Peppi.