Agricultural and Resource Economics

This subject has the following teaching availabilities in 2016:

This subject can be taken entirely online, or as a multi-modal subject (please ensure you enrol into the correct version either online or on campus).

144 hours

Students who haven’t completed the AGRI90012 requisite must have completed either an undergraduate minor or major in economics and should seek a waiver from the subject coordinator to enrol in this subject.

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

This subject covers the economic analysis of agricultural and natural resource use, and social benefit cost analysis of using and conserving natural resources.

On completion of this subject students will understand:

• The operation of markets and market failure
• The economic methods and thinking underlying agricultural and natural resources use including sustainability, world food supply and policies on climate change
• The principles and practice of social benefit cost analysis

• A 2000 word essay due approximately Week 8 worth 30%
• A two-hour exam to be held in the end-of-semester exam period worth 50%
• Online discussion participation throughout the semester worth 20%

Online discussion is an integral part of this subject - a minimum grade of 50% is required in this component.

N/A

This subject is not available as a breadth subject.

On completion of this subject, students should have developed their:

• Capacity to apply economic logic to discern benefits and costs of solutions to real world problems about using agricultural and natural resources
• Ability to integrate knowledge from different disciplines
• Communication skills, through written and oral presentations
• Quantitative analysis skills
• Sense of intellectual curiosity