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VALUATION OF FOREST RESOURCES AND ENVIRONMENTAL
DANILO GAMBELLI

Seat Agraria
A.A. A.A. 2016-2017
Credits 6
Hours 54
Period 1^ semestre
Language ENG
U-gov code SFA 3A496

Prerequisites

Students should have attended the courses: “Principles of Economics”, and “Forest Management and Silviculture”

Development of the course

The course is organised in three parts:

• Economic and managerial aspects of the forestry farm;
• Environmental economics and environmental policies for carbon emission schemes and forestry;
• Forestry and environmental appraisal.

The course will be supported by the Moodle E-learning web tool.

Learning outcomes

 

Knowledge. The course provides the theoretical and practical tools for the economic analysis and valuation of agro forestry and environmental aspects, as well as the skills required for subsequent courses in economics and appraisal of the master's degree courses. Specific attention will be paid to the role of forestry and agriculture into the new scenarios for carbon emission management

 

Applying knowledge and understanding. Students are expected to develop the following competences: a) assess the economic conditions of agro-forestry enterprises under various economic scenarios; b) evaluate the critical elements in the estimate of the value of forest funds; c) understand the implications of environmental and climate policies in the context of sustainable management of forest resources

 

Cross-expertise. The aim of the course is to provide knowledge, understanding and interpretation of the main aspects of forest economics and forest valuation. In particular, the student will gain analytical skills for the appraisal and valuation of forests and environmental and public goods, as well as capabilities for the evaluation and economic management of agroforestry farms. The course will also provide capabilities for the understanding and the analysis of the main themes concerning environmental policies and climate control, with particular reference to the connections with the forest environment

 

 

Program

Part I (2 CFU)

Basic concepts in micro and macro-economics: a review  

Economic budget of an agro-forestry farm

Principles of financial mathematics

 

Part II (2,5 CFU)

Appraisal theory

Forestry appraisal: basic concepts

Forest evaluation

Evaluation of environmental and public goods and natural resources

Evaluation of investments

 

Part III (1,5 CFU)

Principles of environmental economics

Sustainable development and renewable resources economics

Environmental policy tools: emission trading schemes and environmental taxation

Forestry policies

 

 

Development of the examination

Learning evaluation methods

Students can choose to take a thorough oral examination of all the issues of the course, or whether to proceed with a process of written tests on different parts of the course . In this second case the test is structured as follows : three written tests ( multiple choice tests on Moodle platform ) on each of the three parts of the course ; exercises compiled with spreadsheets and related financial solvency of the company agro-forestry and forestry estimates and / or environmental conditions; after agreement with the teacher students can supplement the written evaluation with in-depth work on specific topics of the course .

 

Learning evaluation criteria

The exam is aimed at verifying if the student has a comprehensive knowledge of the topics of the course, a sufficiently correct exposure capacity with the use of an appropriate technical terminology, and the ability to face deductive reasoning that ensure an adequate competence in the field of forestry and environmental valuation.

 

Learning measurement criteria

For what concerns the oral modeof  examination, this will be based on in-depth questions about all topics of the course, and may include the compilation of graphs and short practical exercises.

For what concerns the written mode of examination, this will be based on multiple choice tests to be compiled on a web platform. Tests will consist of about thirty questions with multiple response options. The correct option generates a positive score, wrong options generate a negative score. Applicants will compile the tests individually using Moodle web platform. A specific time limit is considered, within which the applicant may enter, modify or cancel the options for each question.

 

Criteria for Final mark allocation

The final grade is on a scale of 30.

In the case of evaluation with oral mode, the final vote is determined by the quality of the students’ preparation, his/her analytic skills, and command of the language.

As for the evaluation with written mode, the final grade is based on the scores of the multiple choice tests. Students may integrate the score of the test with supplementary oral or practical test ( max +/- 3 points from the score of the written tests).

Recommended reading

Textbook:

Bernetti I., Romano D., (a cura di) Economia delle Risorse Forestali, Liguori Editore, 2007.

Additional readings:

Musu I., Introduzione all’economia dell’ambiente, Mulino, 2000.

Pearce D.W., Turner R.K, Economia delle risorse naturali e dell’ambiente, il Mulino, 1997

Additional texts and scientific papers will be available from the Moodle website of the course.

 

 

Tutorial sessions: Thuesday 15-17.

 

Courses

• C.L.T. - Scienze Forestali ed Ambientali (SFA)