Print Syllabus

Syllabus

SG0248 Forest Economics Analyses, 15.0 Credits

Skogliga ekonomiska analyser

Subjects

Forest Science Business Administration

Education cycle

Bachelor’s level

Modules

Title	Credits	Code
Economic and financial analyses	7.5	0202
Appraisal and taxation	4.5	0203
Accounting	3.0	0204

Advanced study in the main field

First cycle, has at least 60 credits in first-cycle course/s as entry requirements
Bachelor’s level (G2F)

Grading scale

Language

English

Prior knowledge

Knowledge at basic level equvalent to

- 75 credits forest science including 7.5 credits in forest economics

and

- English 5.

Objectives

The aim of the course is to provide the student with knowledge and skills in economic analysis of sustainable use and sustainable management of forest resources. The course focuses on optimization and analysis of forest management and harvesting plans, valuation of forest properties and monitoring of economic results in the forestry company. The course also covers taxation and realization taxation on the transfer of forest estate.

Upon completion of the course the student should be able to:

• Account for different criteria to analyse decision-making problems under risk and uncertainty

• Construct decision-making models and apply them to common forestry decision-making problems

• Analyze and discuss the balance between different types of benefits in the context of sustainable forest management

• To use simulation techniques to estimate the economic consequences of different forest decisions

• Apply commonly used methods for valuing forest and forest land.

• Describe important specific features of income and realisation taxation concerning the forestry firm

• Apply accounting rules for the design, follow-up and analys the forest company’s economy, including ethical and sustainable aspects.

• In English, orally and in writing, present and discuss forest management decision-making problems based on the perspective of the forest firm.

Content

One part covers investment and decision theory, modelling of forestry decision-making problems and various numerical optimization and simulation methods. These tools are applied to study different forest decision-making problems, both under certainty and under risk and uncertainty. Another part of the course deals with valuation of forest properties, including income taxation relating to forest revenues and realisation taxes on transfers of a forest properties. Finally the student studies accounting principles including sustainability reporting.

The course is based on problem-based learning (PBL) including lectures, exercises and case studies.

Compulsory parts in the course include exercises and case studies presented both orally and in writing.

Grading form

The grade requirements within the course grading system are set out in specific criteria. These criteria must be available by the course start at the latest.

Formats and requirements for examination

Approved written exam, approved assignments and approved oral presentations.

• If a student has failed an examination, the examiner has the right to issue supplementary assignments. This applies if it is possible and there are grounds to do so.

• The examiner can provide an adapted assessment to students entitled to study support for students with disabilities following a decision by the university. Examiners may also issue an adapted examination or provide an alternative way for the students to take the exam.

• If this syllabus is withdrawn, SLU may introduce transitional provisions for examining students admitted based on this syllabus and who have not yet passed the course.

• For the assessment of an independent project (degree project), the examiner may also allow a student to add supplemental information after the deadline for submission. Read more in the Education Planning and Administration Handbook.

Other information

• The right to participate in teaching and/or supervision only applies for the course instance the student was admitted to and registered on.

• If there are special reasons, students are entitled to participate in components with compulsory attendance when the course is given again. Read more in the Education Planning and Administration Handbook.

Additional information

SLU is environmentally certified according to ISO 14001. A large part of our courses cover knowledge and skills that contribute positively to the environment. To further strengthen this, we have specific environmental goals for the education. Students are welcome to suggest actions regarding the course’s content and implementation that lead

to improvements for the environment. For more information, see webpage www.slu.se.

SLU is certified in accordance with PRIME-principles, Principles for Responsible Management Education (http://www.unprme.org/). This course concerns understandings, models and methods for sustainable development.

Responsible department

Department of Forest Economics