Forest Economics

The module gives a short introduction to the history of business studies (with for example its philosophical groundings and the history of univeristies) and with a special focus on forestry (with its important role figures: e.g von Thuenen modell). For a deeper understanding of market correlations and management processes in forest companies the basics of Internal and External Accounting and Investment Calculations are discussed, microeconomic analyses of forest production as well as basics of forest valuation (with e.g. their purposes for decision-making, market-orientation and arbitration purpose).

After successfully completing the module, students will be able to reproduce the main features of the history of economics and forest economics with its main representatives and theories. They understand operating calculating units and can assess and perform simple investment calculations. In addition, students are able to analyze business decision problems of forest production.

no requirements

In the course Power Point Presenations are used to teach relevant knowledge. To deepen students understanding of what is been taught best practice examples are shown and discussed in class. This should motivate students to debate on related topics and to read forest literature.

powerpoint presentations, literature

The lecture notes in the form of PDF are available on the Moodle learning platform and on the homepage of the chair of forest economics ;
Möller, Peter und Hüfner, Bernd: Betriebswirtschaftliches Rechnungswesen, Pearson Studium,2004; Deimel, K. u. a. : Erlös und Kostenrechnung, Verlag Pearson Studium; Thommen, J.-P., Achleitner, A.- K.: Allgemeine Betriebswirtschaftslehre, 5. Auflage, Verlag Oldenbourg, München 2003; Kruschwitz, L: Investitionsrechnung, 9. Auflage, Verlag Oldenbourg, München, 2003; Oesten, G. und Roeder, A. Management von Forstbetrieben, Forstbuch DE, Remagen-Oberwinter, 2002; Schmidthüsen, F. u. a.: Unternehmerisches Handeln in der Wald- und Holzwirtschaft. Deutscher Betriebswirte Verlag, Gernsbach, 2003; Klemperer, David W.: Forest Resource Economics and Finance. McGraw-Hill, New York, 1996

The examination consists of written exam for which students are given 60 minutes of time. The assesment will be in form of a written exam. The students should demonstrate that they know the history of the economy and especially the forest economy and are able to put them in a meaningful connection with the theories at this time. Through graphic assignments, calculations and term designation the students demonstrate their knowledge in basics of internal and external accounting, investment calculations and the microeconomic analysis of forest production, including the assessment of forest.