AGB351 Commodity Trade and Pricing (8)

Abstract

This subject provides an introduction to international agriproduct trade policy and competitiveness. It begins with an exploration of the basic theoretical framework for understanding the benefits of trade, and will explore indepth why there are barriers to trade and why international trade rules are so important. It then examines agriproduct trade policy with a particular emphasis on new trade barriers and the role of the World Trade Organisation. The subject also looks at the importance of managing commodity prices, the various factors that affect commodity prices and analyse a risk management strategy policy.

+ Subject Availability Modes and Location

Session 2
Online	Wagga Wagga Campus
On Campus	CY O'Connor - Muresk Institute
On Campus	Wagga Wagga Campus

Continuing students should consult the SAL for current offering details: AGB351
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject information

Duration	Grading System	School:
One session	HD/FL	School of Agricultural and Wine Sciences

Assumed Knowledge

Equivalent to AGB110 Agricultural Economics

Learning Outcomes

Upon successful completion of this subject, students should:

be able to demonstrate the strategy and basis of the gains from trade;
be able to explain the basis of agricultural protection and evaluate its impact on agricultural trade;
be able to explain and critically analyse the role of the International Trade Agreements involving agriproducts and the growth of new barriers to trade;
be able to evaluate the importance of managing commodity prices, the various factors that affect commodity prices and analyse a risk management strategy policy.

Syllabus

The subject will cover the following topics:

the theory of international trade (classical, neo-classical, strategic, political economy of protectionism, constitutional political economy of trade)
an overview of agriproduct trade policy (trade-distorting agricultural policies, agricultural trade in WTO and new trade barriers, bilateral and multilateral trade agreements);
approaches for commodity pricing (importance of managing commodity prices, the various factors that affect commodity prices, and analysing risk management strategy policy).

Back

The information contained in the 2017 CSU Handbook was accurate at the date of publication: 25 August 2017. The University reserves the right to vary the information at any time without notice.