Forest Resource Economics

Forest Resource Economics is a branch of resource economics that studies how forests and their resources—like timber, wildlife, and recreation—can be managed and valued. It analyzes the economic trade-offs involved in using forests for different purposes, such as logging, conservation, or tourism. By understanding the costs and benefits of various forest management strategies, we can make informed decisions that balance economic needs with environmental sustainability, ensuring that forests continue to provide value for future generations while preserving biodiversity and ecosystem health.