Upon successful completion of the course the student will be able to:
- understand the basic concepts of forest production and the assessment of the value of forest land
- understand the concepts of interest, interest rate, discounting, and to calculate the value of capital
- acquire knowledge about the capitalization of expenditures and revenues, as well as the calculation of the value of periodic revenues or expenditures on forest holdings.
- understand the meaning of depreciation
- calculate gross revenues and expenditures (fixed and variable), in order to estimate the economic result of each intervention in the forest holding or enterprise.