Study Guide

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

Evaluation scale

H-5

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)

3-4
Student understands the basic formulas of economic mathematics and knows existing profitability methods. Student knows how to determine the value of a forest estate and how to apply forestry tax instruments. He is able to guide in filling a tax return.

Assessment criteria, excellent (5)

5
Student understands widely the basic formulas of economic mathematics and knows how to implement existing profitability methods. Student knows how to determine the value of a forest estate and how to apply forestry tax instruments. He is able to make decisions and guide in filling a tax return for best possible outcome.