The course provides knowledge about economic theories (micro and macroeconomics) applied to forest processes; besides about forest enterprises' choices in the short and long term, demand and supply of forest products, the principles of market functioning, analysis of international, national and local wood market .
I. Bernetti, S. Romano (a cura di), Economia delle risorse forestali (Vol I e II), Liguori Ed., Napoli, 2007
M. Merlo, Elementi di Economia ed Estimo Forestale-Ambientale, Patron Ed., Padova, 1992
D. Pettenella, Le nuove sfide per il settore forestale. Mercato, Energia, Ambiente e Politiche, 2009
C. Fagarazzi, A. Tirinnanzi (a cura di), Strumenti per lo sviluppo di filiere biomassa energia di qualità, Biglia editore, 2015.
Provide the basis for carrying out economic and financial analysis and assessments in the forest sector, useful for professional activity and research.
The student must acquire basic knowledge relating to political economics, financial mathematics, and business economics in the agro-forestry sector.
The aim of the course is to provide knowledge and encourage personal skills to identify the management conditions of the forest territory from the point of view of economic convenience and economic development opportunities.
The expected learning outcomes can be summarized in some specific points:
a) Ability to answer microeconomic questions (political economy);
b) On the basis of the type of forest considered (coppice and / or forest) evaluation of the economic potential in terms of production and conservation of the forest.
c) Ability to use the financial calculation.
d) Ability in processing a small-scale calculation project for stumpage value.
Knowledge of basic mathematics.
Frontal lectures, use of software for exercises and assessment of forest investments.
Online lessons are also provided using the software suitable for this use (G-Meet, Webex).
Educational visits in forest areas for better forest production phases and the relative revenues and costs.
Educational activities include educational visits to forest companies.
Market surveys related to the sale of standing woods, semi-transformed and / or transformed wood.
Type of Assessment
Oral examination with financial mathematics exercises and discussion of theoretical economic topics.
The examination includes the assessment of knowledge about financial mathematics and forest economics.
During the exam, several questions will be asked for each of the topics indicated in the training objectives in order to verify the degree of learning. The score must take into account the student's ability to solve the problems posed and the completeness of the answers based on the cultural background acquired.
Forest resources and wood market.
Demand, elasticity and revenues
- Income and consumption
-. Elasticity / cross-application
-. Changes in the demand curve
-. Overview of the demand and environment curve
Supply of forest products 1. Basic concepts
-. Production revenues and costs
-. Average and marginal costs
-. Profit Maximization
-. Kin market offer curve
- The perfect competition market
- Market balance
- Movements of the equilibrium point
- Adjustment of the equilibrium point
Timber demand and supply.
Short run timber demand and supply. Valuing nonmarket forest outputs;
Introduction to bioeconomics issues.