309249 (v.1) Agribusiness Risk and Resource Management 502

Area:

Muresk Institute

Credits:

25.0

Contact Hours:

5.4

** 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 6 Hours Monthly

Tutorial:

1 x 1 Hours Weekly

Seminar:

1 x 8 Hours Monthly

Syllabus:

Risk and uncertainty, types and sources of risk, probabilities, planning for risk, 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 irregularcash 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. Capital Recovery 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, 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:

50100 Agriculture (Narrow Grouping)

Funding Cluster:

10 - Agriculture

SOLT (Online) Definitions*:

Supplemental
*Extent to which this unit or thesis utilises online information

Result Type:

Grade/Mark

Availability

Year	Location	Period	Internal	Partially Online Internal	Area External	Central External	Fully Online
2005	Bentley Campus	Semester 2	Y

Area External	refers to external course/units run by the School or Department or offered by research.
Central External	refers to external and online course/units run through the Curtin Bentley-based Distance Education Area
Partially Online Internal	refers to some (a portion of) learning provided by interacting with or downloading pre-packaged material from the Internet but with regular and ongoing participation with a face-to-face component retained. Excludes partially online internal course/units run through the Curtin Bentley-based Distance Education Area which remain Central External
Fully Online	refers to the main (larger portion of) mode of learning provided via Internet interaction (including the downloading of pre-packaged material on the Internet). Excludes online course/units run through the Curtin Bentley-based Distance Education Area which remain Central External