309249 (v.2) Agribusiness Risk and Resource Management 502

Area:	Department of Agribusiness and Wine Science
Credits:	25.0
Contact Hours:	5.0
The tuition pattern below provides details of the types of classes and their duration. This is to be used as a guide only. For more precise information please check your unit outline.
Lecture:	1 x 3 Hours Weekly
Tutorial:	1 x 2 Hours Weekly
Syllabus:	Risk and uncertainty, types and sources of risk, probabilities, planning for risk and risk audits. Evaluating risk, decision trees and criteria. Estimated monetary values. Attitudes to risk, utility. Strategies for handling risk, sharing and avoidance. Insurance, futures, options and forward contracts. Time preference for money, interest and inflation. Compounding and discounting. Investment appraisal, payback periods, discounted cash flows, net present values, internal rate of return. Regular and irregular cash flows, residual and salvage values, annuities, perpetuities and equivalent annuities. Perennial and annual crops. Comparing finance and investment alternatives: leasing or owning. Machinery economics, current-cost or inflation accounting. Capitalrecovery and other methods for estimating annual costs. Operating and penalty costs. Comparing alternatives: own or contract, large or small, labour or machinery, new or second hand. Optimal replacement theory: large machinery replacement, perennial crops. Trends in the workforce and employment in primary industries. Staff turnover. Motivation theory and organisational psychology. Goals and objectives. The four 'Humours': personality types; Myers-Briggs; post-modernity; and generations X, Y and Z.
To ensure that the most up-to-date information about unit references, texts and outcomes appears, they will be provided in your unit outline prior to commencement.
Field of Education:	050100 Agriculture (Narrow Grouping)
SOLT (Online) Definitions*:	Supplemental *Extent to which this unit or thesis utilises online information
Result Type:	Grade/Mark

Availability

Availability Information has not been provided by the respective School or Area. Prospective students should contact the School or Area listed above for further information.