Land, Food and Resource Economics

This subject has the following teaching availabilities in 2008:

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

Students of agriculture, forestry, viticulture and horticulture require an understanding of the fundamental economic forces that effect markets for both the inputs and outputs in the system in which they operate. In particular, students need to be made aware that the management of the land and water resources has economic consequences. This is evident when such issues as salinity (an externality) and land degradation arise. Further, the links between the wider economic forces and the success of ventures in resource industries are indisputable. Recently commodity markets have been examined as part of the regularly occurring rounds of international trading agreements. The changes that have occurred in response to these agreements made under the World Trade Organisation, for both the domestic and international economies, have been far reaching for all participants in the markets. The information provided in this subject would ensure that students understand and can apply the economic concepts of supply and demand to issues of policy and trade analysis and of resource use.

• Principles of Microeconomics (J Gans, S King and Mankiw), 2nd edn, Harcourt Brace, 2004

This subject potentially can be taken as a breadth subject component for the following courses:

• Bachelor of Arts
• Bachelor of Biomedicine
• Bachelor of Commerce
• Bachelor of Environments
• Bachelor of Music
• Bachelor of Science
• Bachelor of Engineering

You should visit learn more about breadth subjects and read the breadth requirements for your degree, and should discuss your choice with your student adviser, before deciding on your subjects.

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