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GRADUATE INSTITUTE of NATURAL and APPLIED SCIENCES / DEPARTMENT of FOREST ENGINEERING
Doctorate
Course Catalog
http://www.orman.ktu.edu.tr/om/index.html
Phone: +90 0462 +90 (462) 3772805
FBE
GRADUATE INSTITUTE of NATURAL and APPLIED SCIENCES / DEPARTMENT of FOREST ENGINEERING / Doctorate
Katalog Ana Sayfa
  Katalog Ana Sayfa  KTÜ Ana Sayfa   Katalog Ana Sayfa
 
 

ORM7235Advanced Forest Economics3+0+0ECTS:7.5
Year / SemesterFall Semester
Level of CourseThird Cycle
Status Elective
DepartmentDEPARTMENT of FOREST ENGINEERING
Prerequisites and co-requisitesNone
Mode of DeliveryFace to face
Contact Hours14 weeks - 3 hours of lectures per week
LecturerProf. Dr. Mustafa Fehmi TÜRKER
Co-LecturerLect. Canan YILMAZ
Language of instructionTurkish
Professional practise ( internship ) None
 
The aim of the course:
To make students acquainted with main topics in advanced forest economics.
 
Programme OutcomesCTPOTOA
Upon successful completion of the course, the students will be able to :
PO - 1 : Will be able to perceive the basic economic concepts for forestry2,51,3,5,
PO - 2 : Will be able to valuate forests with compound interest calculations,will be able to compare investment options according to financial criteria2,51,3,5,
PO - 3 : Will be able to develop simple supply and demand models for the forestry sector2,51,3,5,
PO - 4 : Will be able to develop problem solving and decision making skills through the analysis of forest products market and business management problems.2,3,81,3,5,
PO - 5 : Will be aware of current research on natural resources and environmental economics2,81,3,5,
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

 
Contents of the Course
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.
 
Course Syllabus
 WeekSubjectRelated Notes / Files
 Week 1Economic perspective of forestry,
 Week 2Economic efficiency in forestry,
 Week 3Market process and failures,
 Week 4Land allocation and multiple use in forestry,
 Week 5Evaluation of investment criteria with regarding the time,
 Week 6Supply-demand and pricing of timber,
 Week 7Non-priced forest values,
 Week 8Optimal rotation in forestry,
 Week 9Mid-term exam
 Week 10Designing of harvest with respect to time,
 Week 11Propertyrights and utilization systems in forestry,
 Week 12Midterm study
 Week 13Private forestry,Taxation in forestry,
 Week 14Developments in forest economics.
 Week 15Developments in forest economics.
 Week 16End-of-term exam
 
Textbook / Material
1Price, C., 1989, The Theory and Application of Forest Economics, Great Britain
2Price, C., 1989, The Theory and Application of Forest Economics, Great Britain
 
Recommended Reading
1E. Kula. Economics of Natural Resources, the Environment and Policies, Chapman and Hall, London (1994).
2E. Kula. Economics of Natural Resources, the Environment and Policies, Chapman and Hall, London (1994).
 
Method of Assessment
Type of assessmentWeek NoDate

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 workDuration (hours pw)

No of weeks / Number of activity

Hours in total per term