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| ORM7284 | Valuation of Forestry | 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 | -- | | Co-Lecturer | Yok | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | The course aims to provide the students with a general knowledge of interest and interest account, valuation of forestry and forest land. |
| Programme Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | PO - 1 : | explain the valuation methods of the forest. | 2,3,4 | 1,3 | | PO - 2 : | understand the ration concept in the forestry. | 2,3,4,6 | 1,3 | | PO - 3 : | calculate the value of the forest. | 2,3,4,6 | 1,3 | | PO - 4 : | apply various valuation methods to valuate the forest. | 2,3,4,6 | 1,3 | | 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 | | |
| Interest and interest accounts. Valuation of forestry land. Valuation of tree assets. Valuation of forest. Social valuation of forestry. Profit and welfare. Decision-making with multiple objectives. Valuing changes in consumption. Recreation evaluation. Evaluation of environmental quality. The value of traded goods. The shadow wage rate. The social discount rate. The shadow value of funds. Social opportunity cost of natural resources. Cost-benefit analysis. |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Interest and interest accounts. | | | Week 2 | Valuation of forestry land | | | Week 3 | Valuation of tree assets | | | Week 4 | Valuation of forest | | | Week 5 | Social valuation of forestry | | | Week 6 | Profit and welfare | | | Week 7 | Decision-making with multiple objectives | | | Week 8 | Mid-term exam | | | Week 9 | Valuing changes in consumption | | | Week 10 | Recreation evaluation | | | Week 11 | Evaluation of environmental quality | | | Week 12 | The social discount rate. The shadow value of funds. | | | Week 13 | Midterm | | | Week 14 | Social discount rates,Social opportunity cost of natural resources | | | Week 15 | Cost-benefit analysis. | | | Week 16 | End-of-term exam | | | |
| 1 | Price, C., 1989, the Theory and Aplication of forest Economics, Oxford. | | | |
| 1 | Fırat,Fehim., 1971, Ormancılık işletme İktisadı,İstanbul. | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 8 | 29/03/2011 | 1 | 30 | | In-term studies (second mid-term exam) | 13 | 26/04/2011 | 1 | 20 | | End-of-term exam | 16 | 24/05/2011 | 1 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 3 | 14 | 42 | | Sınıf dışı çalışma | 3 | 13 | 39 | | Arasınav için hazırlık | 3 | 5 | 15 | | Arasınav | 1 | 1 | 1 | | Ödev | 3 | 10 | 30 | | Proje | 3 | 10 | 30 | | Dönem sonu sınavı için hazırlık | 4 | 11 | 44 | | Dönem sonu sınavı | 1 | 1 | 1 | | Total work load | | | 202 |
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