AGB110 Agricultural Economics (8)
Abstract|
Agricultural economics is the application of financial management and economic principles to measure, monitor and manage the economic, social and environmental performance of agricultural businesses extending beyond the farm gate to encompass a broader range of food- and fibre- related activity which contributes significantly to the nation's output. This subject introduces some key financial management tools and economic theories related to agriculture in Australia from a domestic and international perspective. |
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+ Subject Availability Modes and Location
| Session 1 | | Internal | CY O'Connor - Muresk Institute | | Internal | Wagga Wagga Campus | | Distance | Wagga Wagga Campus | | Distance | Wangaratta |
Continuing students should consult the SAL for current offering details: AGB110
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
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Subject information| Duration | Grading System | School: |
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| One session | HD/FL | School of Agricultural and Wine Sciences |
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Enrolment restrictions|
No enrolment restrictions |
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Learning OutcomesUpon successful completion of this subject, students should:
- Be able to identify core financial management and economic principles related to agricultural enterprises
- Be able to apply economic principles to selected farm management problems of resourcing, financing and input use at the enterprise level
- Be able to understand the law of supply and demand and how it relates to agrifood and fibre value chains
- Be able to choose pricing strategies based on competitor and market analysis
- Be aware of key issues related to international agricultural trade
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SyllabusThe subject will cover the following topics:
- Economics of production and costs
- Financial analysis of enterprises and the farm as an economic unit
- The demand & supply for agricultural commodities
- The behaviour and outlook of prices and production in agricultural commodity markets incorporating the influence of trade
- Economics of trade and trade policy
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The information contained in the 2015 CSU Handbook was accurate at the date of publication: 01 October 2015. The University reserves the right to vary the information at any time without notice.
