| Course Title | Code | Semester | L+U Hour | Credits | ECTS |
|---|---|---|---|---|---|
| Forest Business Economics and Finance | OM463 | 7. Semester | 4 + 0 | 4.0 | 6.0 |
| Prerequisites | None |
| Language of Instruction | Turkish |
| Course Level | Undergraduate |
| Course Type | |
| Mode of delivery | |
| Course Coordinator | |
| Instructors | |
| Assistants | |
| Goals | To get the students be knowledgeable about and competent with the economic and financial theory of forest business and its application in real world problems |
| Course Content | |
| Learning Outcomes |
- Information on the principles and characteristics of forest business - Information on legal and administrative processes to be observed by forest enterprises - Skill of calculating benefits, costs and values emerging in forest business - Skill of managing forest products sales - Economic attitude in forest resources management - Competence with increasing success and performance in forest business - Attitude of sustainable use of resources |
| Week | Topics | Learning Methods |
|---|---|---|
| 1. Week | Review of microeconomics (Supply, demand, equilibrium, elasticity, market models etc.) | |
| 2. Week | Business management-I: Basic concepts of BM; functions, capacity and size of a business | |
| 3. Week | Business management-II: Incomes and costs in a business enterprise | |
| 4. Week | Business management-III : Business rationality criteria; criteria in evaluation of investment projects | |
| 5. Week | Forestry and Forest business; type of Forest enterprises by legal status and ownership; comparison of forest and agricultural enterprises | |
| 6. Week | Functions, capacity and size (scale) of forest enterprises | |
| 7. Week | Rationality criteria and their application in forest business | |
| 8. Week | Mid-term exam | |
| 9. Week | Cost management in forest enterprises | |
| 10. Week | Production management in forest enterprises | |
| 11. Week | Incomes of a forest business; government budget and private sources of finance; principles of forest accounting | |
| 12. Week | Marketing process in forest business | |
| 13. Week | Introduction to forest valuation; calculation of damages and compensation | |
| 14. Week | Measuring economic and financial success and performance in forest enterprises |
| Türker, M.F., Ormancılık İşletme Ekonomisi-2. Baskı, Ormancılık ve Tabiatı Koruma Vakfı Yayın No:5, ISBN: 9786058574809, Trabzon, 2013. |
| Daşdemir, İ., Ormancılık İşletme Eknoomisi, Bartın Üniversitesi Yayın No:5, ISBN: 9786056088230, 2011. |
| Doğan, M., İşletme Ekonomisi ve Yönetimi-9. Basım, Nobel Yayın, ISBN: 9786051330754, 2014. |
| Wagner, J.E., Forestry Economics-A Managerial Approach, Routledge, ISBN: 9780415774765, 2012. |
| Program Requirements | Contribution Level | DK1 | DK2 | DK3 | DK4 | DK5 | DK6 | DK7 | Measurement Method |
|---|---|---|---|---|---|---|---|---|---|
| PY1 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,60 |
| PY2 | 4 | 5 | 4 | 3 | 4 | 5 | 3 | 4 | 40,60 |
| PY3 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,60 |
| PY4 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,60 |
| PY5 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,60 |
| PY6 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,60 |
| PY7 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,60 |
| PY8 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,60 |
| PY9 | 4 | 3 | 4 | 4 | 4 | 4 | 5 | 3 | 40,60 |
| PY10 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,60 |
| PY11 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,60 |
| PY12 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,60 |
| PY13 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,60 |
| PY14 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,60 |
| 0 | 1 | 2 | 3 | 4 | 5 | |
|---|---|---|---|---|---|---|
| Course's Level of contribution | None | Very Low | Low | Fair | High | Very High |
| Method of assessment/evaluation | Written exam | Oral Exams | Assignment/Project | Laboratory work | Presentation/Seminar |
| Event | Quantity | Duration (Hour) | Total Workload (Hour) |
|---|---|---|---|
| Midterm 1 | 1 | 25 | 25 |
| Homework 1 | 1 | 25 | 25 |
| Final | 1 | 47 | 47 |
| Classroom Activities | 14 | 4 | 56 |
| Total Workload | 153 | ||
| ECTS Credit of the Course | 6.0 | ||
