303362 (v.2) Aquaculture Economics and Policy 202

---

 

Area:	Muresk Institute
Credits:	25.0
Contact Hours:	5.0
Lecture:	1 x 3 Hours Weekly
Tutorial:	1 x 2 Hours Weekly
Syllabus:	Exploration of the meaning of economics and the market conditions facing firms and government policy and the market including fiscal and monetary policy. Trade balance and employment policy, agricultural policy and policy options. An understanding of the marketing of agricultural products.
Unit Outcomes:	On successful completion of this unit students will have- Understood key concepts, ideas and methodology of economics. Identified the characteristics of the main market structures, and the main areas of market failure. Understood the flow of resources, goods and services in the economy, and the role of the government and the financial sector on business cycles. Explained the scope and composition of government fiscal policy. Explained the functions of the Reserve Bank of Australia. Explained balance of payment and the benefits and drawbacks of trade. Explained relationships between unemployment and inflation. Understood the impact of government fiscal and monetary policy options on the economy. Explained some of the current macro-economic issues. Identified the causes of farm price instability, and described the operation of commodity futures and markets. Discussed government agricultural policy. Described the marketing of selected agricultural products.
Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.
Unit References:	No prescribed references.
Unit Texts:	Melotte, Y. and Moore, R., (1995), Economics, Sydney, Prentice Hall. Campbell, K. and Fisher, B., (1991), Agricultural Marketing and Prices, 3rd ed, Melbourne, Longman.
Unit Assessment Breakdown:	Continuous Assessment 70%, Examinations 30%. This is by Grade/Mark assessment.
Year Location Period Internal Area External Central External 2004 Bentley Campus Semester 2 Y