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| ORM7235 | Advanced Forest Economics | 3+0+0 | ECTS:7.5 | | Year / Semester | Fall Semester | | Level of Course | Third Cycle | | Status | Elective | | Department | DEPARTMENT of FOREST ENGINEERING | | Prerequisites and co-requisites | None | | Mode of Delivery | Face to face | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | Prof. Dr. Mustafa Fehmi TÜRKER | | Co-Lecturer | Lect. Canan YILMAZ | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | To make students acquainted with main topics in advanced forest economics. |
| Programme Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | PO - 1 : | Will be able to perceive the basic economic concepts for forestry | 2,5 | 1,3,5, | | PO - 2 : | Will be able to valuate forests with compound interest calculations,will be able to compare investment options according to financial criteria | 2,5 | 1,3,5, | | PO - 3 : | Will be able to develop simple supply and demand models for the forestry sector | 2,5 | 1,3,5, | | PO - 4 : | Will be able to develop problem solving and decision making skills through the analysis of forest products market and business management problems. | 2,3,8 | 1,3,5, | | PO - 5 : | Will be aware of current research on natural resources and environmental economics | 2,8 | 1,3,5, | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), PO : Learning Outcome | | |
| Economic perspective of forestry, Economic efficiency in forestry, Market process and failures, Supply-demand and pricing of timber, Non-priced forest values, Land allocation and multiple use in forestry, Evaluation of investment criteria with regarding the time, Optimal rotation in forestry, Designing of harvest with respect to time, Property rights and utilization systems in forestry, Private forestry, Taxation in forestry, Developments in forest economics. |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Economic perspective of forestry,
| | | Week 2 | Economic efficiency in forestry,
| | | Week 3 | Market process and failures,
| | | Week 4 | Land allocation and multiple use in forestry,
| | | Week 5 | Evaluation of investment criteria with regarding the time,
| | | Week 6 | Supply-demand and pricing of timber, | | | Week 7 | Non-priced forest values, | | | Week 8 | Optimal rotation in forestry, | | | Week 9 | Mid-term exam
| | | Week 10 | Designing of harvest with respect to time,
| | | Week 11 | Propertyrights and utilization systems in forestry,
| | | Week 12 | Midterm study
| | | Week 13 | Private forestry,Taxation in forestry, | | | Week 14 | Developments in forest economics.
| | | Week 15 | Developments in forest economics.
| | | Week 16 | End-of-term exam | | | |
| 1 | Price, C., 1989, The Theory and Application of Forest Economics, Great Britain | | | |
| 1 | E. Kula. Economics of Natural Resources, the Environment and Policies, Chapman and Hall, London (1994). | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 18-24.04.2022 | 1 | 30 | | In-term studies (second mid-term exam) | 12 | 09-13.05.2022 | 1 | 20 | | End-of-term exam | 16 | 06-19.06.2022 | 1,5 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | | | | |
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