FORE215-21S2 (C) Semester Two 2021

Introduction to Forest Economics

15 points

Details:
Start Date: Monday, 19 July 2021
End Date: Sunday, 14 November 2021
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 1 August 2021
  • Without academic penalty (including no fee refund): Friday, 1 October 2021

Description

Forestry in the national economy. Forest industries, and forest accounting. Taxation and forestry. Forest valuation. Project appraisal, design and budgeting. Social economics.

The course will provide an understanding of the principles of forest economics, and their application to investment analysis, forestry markets and evaluation of non-timber benefits of forests.

Learning Outcomes

  • Students will be able to apply the principles of finance and specific decision criteria to evaluate forestry timber investments
  • Students will be able to apply economic principles to analysing the supply and demand of forestry products, with an emphasis on markets, international trade and land use change. Skills in statistical analysis will be applied in this part of the course
  • Students will be able to identify and evaluate non-timber benefits of forests

Pre-requisites

Timetable 2021

Students must attend one activity from each section.

Lecture A
Activity Day Time Location Weeks
01 Monday 11:00 - 12:00 Ernest Rutherford 141
19 Jul - 29 Aug
13 Sep - 24 Oct
Lecture B
Activity Day Time Location Weeks
01 Thursday 11:00 - 12:00 Ernest Rutherford 465
19 Jul - 29 Aug
13 Sep - 24 Oct
Lecture C
Activity Day Time Location Weeks
01 Wednesday 13:00 - 14:00 E14 Lecture Theatre
19 Jul - 29 Aug
13 Sep - 24 Oct
Computer Lab A
Activity Day Time Location Weeks
01 Monday 15:00 - 17:00 Forestry 252 Computer Lab
19 Jul - 29 Aug
13 Sep - 24 Oct
Workshop A
Activity Day Time Location Weeks
01 Thursday 16:00 - 18:00 Forestry 252 Computer Lab
19 Jul - 22 Aug
13 Sep - 24 Oct

Examination and Formal Tests

Test A
Activity Day Time Location Weeks
01 Thursday 15:00 - 17:00 Online Delivery
23 Aug - 29 Aug

Lecturer

David Evison

Assessment

Assessment Due Date Percentage 
Report 15%
Estimating Future Demand 15%
Investment Analysis 10%
Mid-Semester Test 20%
End-of-Year Exam 40%

Textbooks / Resources

Reference Texts:

Blackburne, M. (2009). Business Management for Logging, (2nd edition). Future Forests Research, Rotorua.
Crawley, M. J. (2005). Statistics. An Introduction using R. Chichester: John Wiley and Sons.
Jordan, P. (2010). Foundations of Excel for Engineers. Excel 2007. University of Canterbury, Christchurch.
Klemperer, W.D. (2003). Forest Resource Economics and Finance. W. David Klemperer.
Lattimore, R., and Eaqub, S., (2011). The New Zealand Economy. An Introduction. Auckland University Press, Auckland, New Zealand
Mankiw, N. G. (2010). Principles of Microeconomics (6th ed.). Thomson South-Western, Australia.
Perloff, J.M. (2007). Microeconomics (4th ed.). Pearson Education Inc., Boston.
Silyn-Roberts. H. (2005). Writing for Science. A practical handbook for science, engineering and technology students (2nd ed.). Pearson Education New Zealand, Auckland
Zhang, D and P. Pearse (2011). Forest Economics. UBC Press, Vancouver, Canada

Indicative Fees

Domestic fee $986.00

International fee $4,938.00

* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.

For further information see School of Forestry.

All FORE215 Occurrences

  • FORE215-21S2 (C) Semester Two 2021