Module 6 Objectives

By the end of Module 6, participants will be able to:

  1. Explain the concept of benefit cost analysis and natural resource accounting that is applied to forestry;
  2. Differentiate the difference between economic and financial analysis;
  3. Elaborate on the steps involved in conducting benefit cost analysis for a forestry project; and
  4. Explain the methods to be used for conducting economic valuation of different forest ecosystem services.