701-1654-00L  Forest Economics and Environmental Valuation

SemesterSpring Semester 2020
LecturersR. Olschewski
Periodicityyearly recurring course
Language of instructionEnglish


AbstractStudents learn theoretical concepts and apply practical techniques for the valuation environmental services. They will get to know how these methods can support decisions regarding the optimal allocation of natural resources. Based on national and international case studies, the students will practice what was learned in class by doing practical exercises related to such cases.
ObjectiveThe students should understand the purpose of valuing ecosystem services and the importance in policy formation. Furthermore, they should learn, how people's preferences for ecosystem services can be elicited, and how the concept of economic value can adequately be applied. The participants should be able to apply valuation methods, to recognize the strengths and weaknesses of each approach, and to avoid common mistakes made in valuing ecosystem services.
ContentThis course combines lectures and practical exercises. It consists of analyzing the forest sector, presenting national and international environmental problems and discussing economic approaches to solve them. Besides valuation based on market prices, indirect and direct valuation approaches will be introduced, such as travel-cost, implicit-price and productivity-oriented methods as well as contingent valuation and choice experiments. The theoretical background of these approaches will be explained, and their contribution to an optimal natural resource allocation and to the design of environmental policies will be discussed. Practical exercises will be prepared by the students at home and presented in class.
Lecture notesThe lecture slides and exercises will be provided in English.
Lecture start: 24. February 2020
LiteratureThe lecture will be based on parts of the text book:
Bergen, V., Löwenstein, W. & Olschewski, R. (2013): Forstökonomie - Ansätze für eine vernünftige Umwelt- und Landnutzung. Vahlens Handbücher der Wirtschafts- und Sozialwissenschaften. Vahlen Verlag, München. 477 S.

Exercises will be based on the accompanying book:
Bergen, V., Löwenstein, W. & Olschewski, R. (2014): Übungsbuch zur Forst- und Umweltökonomie. In: Schriften zur Forst- und Umweltökonomie, Band 39., J.D. Sauerländer's Verlag, Bad Orb. 172 S.
Prerequisites / NoticeLecture start: 24. February 2020