Information on this page, including unit offerings, is from the 2019 academic year.
Agricultural Markets, Economics and Policy (ANS309)
|Organisational Unit||Agricultural Sciences|
|Availability||MURDOCH: S1-internal, S1-external|
|Teaching Timetables||Murdoch S1
|Description||This unit will consider the on and off-farm environment in which profitable farming systems must operate including agricultural policies and regulations, farm business economics, the value chain, agricultural trade systems, post harvest markets and new and emerging markets such as environmental services, carbon mitigation and water.|
|Unit Learning Outcomes||This unit will provide students with:
1. an understanding of the economic and policy environment in which farm production occurs.
2. knowledge of all aspects of the value-chain from on farm production and farm economics, patterns of agricultural trade, the major flows of agricultural commodities, and different markets for different products.
3. an understanding of how value chains are affected by a range of policy settings,
4. knowledge of the key considerations in national and international trade, and the role of marketing in increasing overall value and profitability.
5. an understanding of how to manage the key vulnerabilities and opportunities in the agricultural value chain.
6. skills to undertake farm budgeting, interpretation of ABS and trade statistics, and the underlying mechanisms of local and international commodity markets and marketing.
|Timetabled Learning Activities||Lectures: 2 hours per week. tutorials: equivalent to 1 hours per week.|
|Unit Learning Experiences||This unit combines formal lectures that explore agricultural economics, markets and policy. Tutorials will allow small group discussions with a small project that will examine value adding of an existing commodity. Formal lectures are underpinned with readings from seminal publications. Industry and Government experts will be invited to provide lectures across the unit.
Students are given the opportunity to illustrate their learnings in a (a) literature review (2500 words) which integrates across the theoretical and practical aspects of the unit (60%), and (b) an oral presentation of the literature review (10%), and (c) formal examination (30%).
|Assessment||Assessment will be aimed at determining the level of understanding of each student, using an array of techniques (major assignment and formal examination). The literature review will also aim to develop the student's writing skills by setting a task that integrates across content presented in lectures and from readings.
Literature review formative 60% mid semester
Oral presentation summative 10% end teaching period
Exam summative 30% end teaching period
|Appears in these Courses/Majors:
see individual structures for context
|Internet Access Requirements||Murdoch units normally include an online component comprising materials, discussions, lecture recordings and assessment activities. All students, regardless of their location or mode of study, need to have access to and be able to use computing devices with browsing capability and a connection to the Internet via Broadband (Cable, ADSL or Mobile) or Wireless. The Internet connection should be readily available and allow large amounts of data to be streamed or downloaded (approximately 100MB per lecture recording). Students also need to be able to enter into online discussions and submit assignments online.|
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