The course is organized in six modules. Each module comprises two to four topics. Each module typically consists of background information, online video lectures, resources, and may have a self-test.
Module 1: Concept of Sustainable Development Revisit (by Wan Razali)
- Topic 1: Economic Growth and Sustainable Development
- Topic 2: SFM Criteria and Indicators of Inter-Governmental Processes
- Topic 3: SFM Principle and Criteria of Non-Governmental Processes
- Topic 4: SFM Criteria and Indicators of Region and/or Country led Initiatives
Module 2: Classification of Forest Ecosystem Services (FES) (by Awang Noor)
- Topic 1: Provisioning Services & Regulating Services
- Topic 2: Supporting Services & Cultural Services
- Topic 3: Importance of Forest Ecosystem Services in National Economy
Module 3: Multiple Use Concept and Sustainable Use of Forest Ecosystem Services (by Awang Noor & Wan Razali)
- Topic 1: Multiple Use Approach and Trade-offs
- Topic 2: Strategic Use and Conservation of Forest Resources
Module 4: Concept and Theory of Economic Valuation of Forest Ecosystem Services (by Awang Noor)
- Topic 1: Utility Theory and Welfare Economics
- Topic 2: Economic Valuation of FES
Module 5: Approaches and Techniques of Forest Ecosystem Services Valuation (by Awang Noor)
- Topic 1: Market-based Techniques
- Topic 2: Stated Preference Methods – CVM vs. DCM
- Topic 3: Revealed Preference Methods – TCM vs. Hedonic Price
Module 6: Application of Forest Ecosystem Services Valuation and Case Study of Economic Valuation (by Awang Noor & Wan Razali)
- Topic 1: Benefit Cost Analysis (BCA), Natural Resources Accounting in National Forest Policy
- Topic 2: A Case Study of Economic Valuation – Stumpage Valuation & Recreation and Protected Area Valuations
Students taking this course should work through the course methodically. You are strongly advised to study the topics in the order that they are presented, but bear in mind that it is always possible to return to particular topics to study them in greater detail.