Economics of multiple-use forestryLaajuus (3 cr)

Objective

The students know and understand the theories of economics applicable in the field of multiple-use forestry. They learn how to use the basic methods of economic analysis in multiple-use forestry and ecosystem service valuation. The students also learn to know how non-market goods and services of forests can be promoted.

Content

Basic concepts of neoclassical and institutional economics in the context of multiple-use forestry, multiple-use of forestry in different countries, cost-benefit analysis in multiple-use forestry, valuation of ecosystem services, payments for ecosystem services and non-wood forest products.

Materials

Literature specified during the lectures. 

Further information

Course is offered annually every spring. Course is intended for students in MSc EF, CBU, Transfor-M and WMS programmes as well as for the exchange students of the School of Forest Sciences.

Execution methods

Classroom teaching

Accomplishment methods

Lectures (20 h), exercises (6 h), literature, written exam.