Forest Economy (5 cr)

Evaluation scale

H-5

Objective

Student
- Knows economic characteristics of forestry
- Can calculate value of forest estate using different methods
- Is able to use affordability comparison methods in the evaluation of forestry projects
- Can use wood balance calculations in forestry profit calculation

Content

Special features of forestry economy
Determining value of a forest estate
Profitability of forestry
Generation change of forest estate separately or in connection with a farm

Location and time

Syksy 2022, etäopetus

Materials

Kuuluvainen J. & Valsta L. 2009. Metsäekonomian perusteet.
Sved , J., Koistinen, A. (toim.) 2019. Metsänhoidon suositukset kannattavaan metsätalouteen, työopas.
Ärölä , E. Järvinen, S. ja Kallatsa M. 2019. Metsän hinta Suomessa 2015 2016.
Liljeroos 2021. Metsäsijoittajan kirja.
Jauhiainen, H. 2022. Metsäverokirja 2022.
Kiviniemi, M. ja Havia, P. 2019. Sujuvasti seuraavalle. Metsän omistajanvaihdos.

Teaching methods

Yksilö- ja ryhmätehtävät, itsenäinen tiedonhaku, luennot (osa tallenteina etukäteen), ohjaustunnit.

Employer connections

Työelämän asiantuntijoiden vierailuluentoja

Assessment criteria, satisfactory (1)

1
Student knows the basic formulas of economic mathematics and knows existing profitability methods. Student knows how to determine the value of a forest estate and what forestry tax instruments should be applied.

2
Student is able to calculate pre-filled formulas and profitability method problems in economic mathematics. Student is able to utilize at least one forest valuation method. Student is able to calculate simple tax tasks and fill in a forestry tax return.

Assessment criteria, good (3)

3
Student understands the basics of economic mathematics and is able to use them to calculate the profitability calculations of forestry. Student is able to utilize at least two forest valuation methods. The student is able to apply his / her tax knowledge in calculating basic tax tasks. Student is able to fill in a forestry tax return.

4
Student is able to apply the teachings of economic mathematics in calculating profitability methods. He is able to assess the profitability of forestry on the basis of methods. Student is able to apply three methods of determining the value of a forest and is able to evaluate the profitability of investing in an estate. The student is able to apply his/her tax knowledge in such a way that he/she is able to solve tax consequences in different situations. The student is able to advise on filling in a forestry tax return.

Assessment criteria, excellent (5)

5
Student is able to apply the basics of economic mathematics comprehensively. He/she is able to evaluate the profitability of different alternatives and make decisions based on methods. Student is able to apply and evaluate forest estate assessment methods comprehensively. He is able to advise on the acquisition of premises on the basis of invoices. Student is able to apply tax instruments comprehensively and also manages exceptional tax consequences. Student is able to advise a forest owner in filling in a tax return so that he or she can be offered the best possible tax outcome.