Handbook 1996 : Faculty of Agriculture, Forestry and Horticulture (Volume 4 page 24)
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Year 4 Forestry.
Credit points: 6.25
Coordinator: Professor I S Ferguson.
Prerequisite: 211-257 Forest Economics 1
Contact: Equivalent to 18 hours of lectures and 18 hours of practical work.
Timetable: First semester
Objectives:
On completion of this subject, students should: be able to perform simple cost-benefit analyses, and have an understanding of welfare economics and the questions of efficiency and distribution; be able to make forest management decisions on an economic basis; be familiar with methods for the economic valuation of non-market goods.
Content:
Brief review of investment theory in forestry; efficiency in trade; public goods and externalities; principles of welfare economics; cost-benefit analyses; willingness to pay, travel cost and contingent valuation; risk and uncertainty.
Assessment:
A 1.5-hour end-of-semester examination (60 per cent); up to four practical reports each of up to 1,000 words (10 per cent).
Prescribed texts:
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Handbook 1996 : Faculty of Agriculture, Forestry and Horticulture (Volume 4 page 24)
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.