Agricultural and Resource Economics

Subject AGRI20033 (2013)

Note: This is an archived Handbook entry from 2013.

Credit Points: 12.50
Level: 2 (Undergraduate)
Dates & Locations:

This subject is not offered in 2013.

Time Commitment: Contact Hours: 24 hours lectures / 24 hours tutorials/practical classes
Total Time Commitment:

120 hours

Prerequisites: None
Corequisites: None
Recommended Background Knowledge:
Study Period Commencement:
Credit Points:
Not offered in 2013
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website:


Melbourne School of Land & Environment Student Centre
Ground Floor, Melbourne School of Land & Environment (building 142)

Phone: 13 MELB (13 6352)

Subject Overview:

This subject covers the marketing of agricultural and food products, benefit cost analysis of using and conserving natural resources, and the analysis of agricultural and natural resource policy decisions


On completion of this subject students will understand:

  • the principles of economics applied to the marketing and trade of agricultural products
  • the role of futures markets in price risk management
  • the principles and practice of social benefit cost analysis
  • the economic methods and thinking underlying agricultural and natural resources policies including policies on climate change
  • the concepts of public goods and market failure, property rights and common property

1 x 2000 word assignment – 30% due week 8

3 hour final exam – 70%

Prescribed Texts:


Breadth Options:

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

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.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

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

  • Capacity to apply economic logic to real world problems about using natural resources;
  • Ability to integrate knowledge from different disciplines;
  • Communication skills, through written and oral presentations;
  • Quantitative analysis skills; and
  • Sense of intellectual curiosity
Related Majors/Minors/Specialisations: Production Animal Health
Sustainable Production

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