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Teacher
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Severini Simone
(syllabus)
I – Basic principles of economics
1. Fundamental concepts of economics
2. Production theory
3. Investment evaluation: Net Present Value (NPV)
4. The supply of products in competitive markets
5. Market demand
6. Closed markets
7. Open markets: international trade
II - Special topics in forestry economics
1. Forestry production activities
2. The Italian forest-wood system
3. International trade in wood products
III – Basic notions of the economics of natural resources and the environment
1. Natural resource economics
2. Environmental economics
IV – Introduction to forestry appraisal
1. The professional practice of forestry appraisal
2. Basic notions of economic appraisal
3. Land register (Catasto terreni)
4. Basics of financial mathematics
5. Forestry appraisal: Estimated metric calculation; Stumpage value; Economic value of the forest.
(reference books)
• Samuelson P.A. and Nordhaus W.D., Economics, XX edition [XXI ed., 2019], McGraw-Hill, 2001 [Site: www.ateneonline.it\samuelson20e].
• Merlo M., Elements of forest-environmental economics and valuation, Pàtron Editore, Bologna, 1991.
• Ministry of Agricultural, Food and Forestry Policies (2020). Forests and forestry supply chains. In-depth document of the National Forestry Strategy.
• Presentations and exercises developed by the instructor.
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