304039 (v.2) Agribusiness Economics and Policy 502
| 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, and agricultural policy and policy options. |
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| Unit Outcomes: | Upon completion of this unit students will have - Understood key concepts, ideas and methodology of economics. Identified the characteristics of, and differences between, the main market structures. Identified the main areas of market failure and possible government interventions. Understood the flow of resources, foods and services in the economy, and the role of government and the financial sector on business cycles, including the scope and composition of government fiscal policy and its impact on the economy. Explain the functions of the Reserve Bank of Australia and the range of instruments of monetary policy available. Explained relationships between unemployment and inflation and the impact of government fiscal policy and monetary policies on the economy interms of current macro-economic issues. Understood the impact of government fiscal and monetary policy options on the economy, and explained some of the current macro-economic issues. Identified the causes of farm price instability, and describethe operation of commodity futures markets and discussed the aims of and methods used in government agricultural pricing policy. Described the marketing of selected agricultural or horticultural 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, Prentice Hall, Sydney. Campbell, K. and Fisher, B., (1991), Agricultural Marketing & Prices, 3rd ed, Longman, Melbourne. |
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| Unit Assessment Breakdown: | Examinations 20%, Project 60%, Wokshop participation 20%. This is by grade/mark assessment |
| Year | Location | Period | Internal | Area External | Central External | | 2004 | Bentley Campus | Semester 2 | Y | | | |
Current as of: February 2, 2004
CRICOS provider code 00301J
