Section 10 in The Indian Forest Service (Probationers' Final Examination) Regulations, 2016
10. Forest Economics. - Relevance of economics to forestry, factors affecting supply of forest products, production theory as applied to forestry; production function, market-main features, different forms and types of competition, cost and revenues, marginal cost and marginal revenue; overview of economics of world forestry, land use productivity and opportunity cost, forest valuation-cost of conservation, application of forest economic principles to forestry operations; marketing of forest products: forestry sector and national economy, tangible and intangible goods and services from forest and its contribution to gross domestic products (GDP), national resource accounting and monetization of intangible service of forest, investment criteria, benefit cost analysis, internal rate of return (IRR), sensitivity analysis and their application; classification of use and non-use values, direct and indirect valuation techniques.
