Handbook 1996 : Faculty of Agriculture, Forestry and Horticulture (Volume 4 page 22)
Forestry subject : Next:211-212 | Prev:211-215 | Search | Help
Year 2 Forestry.
Credit points: 12.0
Coordinator: Professor I S Ferguson.
Contact: 36 hours of lectures and 36 hours of tutorials, seminars and practicals in total.
Timetable: First semester
Objectives:
On completion of this subject, students should: be familiar with the fundamental concepts of microeconomics, and financial and business management in forestry; have an understanding of key elements of macroeconomic theory, as they relate to forestry; be familiar with the fundamental applications of economics to forestry and natural resources; be able to apply simple economic analyses to forestry problems.
Content:
Microeconomic theory: supply and demand; utility theory and indifference curves; the theory of the firm; the economics of production; price theory; competition; international markets. Macroeconomics: national accounting; Government policy; foreign exchange and international markets. Forestry and natural resource applications of economic theory. Cost-Benefit analysis. Financial and business management in forestry.
Assessment:
One 3-hour examination at the end of semester (70%). Up to five practical reports, each of no more than three pages (30%).
Prescribed texts:
Forestry subject : Next:211-212 | Prev:211-215 | Search | Help
Handbook 1996 : Faculty of Agriculture, Forestry and Horticulture (Volume 4 page 22)
Status: Official 1996 Date created: Oct 9 1995 Last modified: Oct 9 1995 Authorised by: Academic Registrar Email enquiries: Course_Information@registrar.unimelb.edu.au
Maintained by: School of Forestry, Faculty of Agriculture, Forestry and Horticulture.
Copyright © University of Melbourne 1995,1996.