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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.
Students will be able to apply the principles of finance and specific decision criteria to evaluate forestry timber investmentsStudents 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 courseStudents will be able to identify and evaluate non-timber benefits of forests
Students must attend one activity from each section.
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 ZealandMankiw, 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, AucklandZhang, D and P. Pearse (2011). Forest Economics. UBC Press, Vancouver, Canada
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.