KORENÁ HILLAYOVÁ, Michaela: Measuring the change of the forest land expectation value in the presence of the risk of fire and an ongoing climate change. \left[Dissertation\ thesis\right] - Technical University in Zvolen, Faculty of Forestry, Department of Economics and Forest Management. Thesis supervisor: prof. Ing. Jan Holécy, CSc. Degree of professional qualification: philosophiae doctor, in short ,, PhD. ” Elected: TU, 2020. 125 p. Forest ecosystems are exposed to destructive natural hazards due to climate change, such as forest fires, wind disasters, drought, beetle outbreaks, etc. Such as hazards bring great economic losses for forestry. The risk derived from the growing area of destroyed forests needs to be measured and properly addressed through the formulation and implementation of adaptation measures. These can mitigate the effects of climate change on forestry. Starting from these considerations, we therefore addressed the current, but inadequately researched problem of measuring the dynamics of forest fire risk over time, and its impact on the capital value of forest land and the optimal economic rotation period of stands. We have developed and tested the mathematical model for predicting the dynamic risk of forest fires caused by ongoing climate change. The basic research method was a statistical analysis of time series of data about the occurrence of forest fires in the experimental area of the Slovak Paradise National Park. We have integrated the mathematical prediction model of forest fire risk into the calculations of the risk-free capital value of forest land. The Calculations of the risk-free capital value of forest land in conditions of increasing forest fire risk are based on the results of economic analysis of forest projects. The basement for draw up the economic analyses were the SIBYLA Triquetra tree growth simulator and Markov chain theory. We developed algorithm that makes possible to measure the impact of forest fire risk on the capital value of forest land. The proposed model can also be applied in the field of forest insurance or valuation of forest land and natural resources.