Agribusiness Management Economics

Subject AGRI90012 (2015)

Note: This is an archived Handbook entry from 2015.

Credit Points: 12.5
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2015:

Semester 2, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 27-Jul-2015 to 25-Oct-2015
Assessment Period End 20-Nov-2015
Last date to Self-Enrol 07-Aug-2015
Census Date 31-Aug-2015
Last date to Withdraw without fail 25-Sep-2015

Semester 2, Parkville - Taught online/distance.
Pre-teaching Period Start not applicable
Teaching Period 27-Jul-2015 to 25-Oct-2015
Assessment Period End 20-Nov-2015
Last date to Self-Enrol 07-Aug-2015
Census Date 31-Aug-2015
Last date to Withdraw without fail 25-Sep-2015

This subject can be taken entirely online via the University’s Learning Management System (LMS), or taken as a multi-modal subject by students who study on-campus. (Please ensure that you enrol into the On Campus availability if you do not wish to study entirely online.) The subject will be open on the LMS approximately two weeks prior to the subject commencement date.

Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: This subject is taught using multimedia teaching techniques and is based around business case studies. It is recommended that students devote 12 hours per week to this subject. On-campus students have the equivalent of two hours per week of face-to-face contact.
Total Time Commitment:

170 hours

Prerequisites: None
Corequisites: None
Recommended Background Knowledge:

Students must be able to perform word processing, use Excel spreadsheets, and have a reasonable understanding of the Internet and the University's Learning Management System.

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 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:


Dr Nanette Esparon


Subject Overview:

An understanding of the applications of managerial economic theory to solving real world problems is integral to sound business decision-making. Through this subject students will gain an understanding of and ability to apply, key management economic concepts and principles. They will also experience the application of management economics to Australian agribusiness problems through case studies. Students will become familiar with concepts of market equilibrium, demand, supply, theory of the firm, market structure, trade and the impact of government regulation.

Learning Outcomes:

The objective of this subject is to extend the participants understanding of:

  • Process of problem solving in economics;
  • Concepts of supply, demand, equilibrium, (economic) profits and prices;
  • Role prices play in a market;
  • Effects different market structures have on the actions of firms;
  • Impact of technological change on particular firms;
  • Role of government policy;
  • Importance of trade; and
  • Quantitative skills required applying the theory to particular problems.
  • Essay (1000 words) due in week 5, 20%;
  • Management Report (1,500 words) due in week 10, 30%;
  • Open Book Examination (Two hours) due in week 12, 30%;
  • Online discussion participation throughout the semester (20%).

*Online discussion is an integral component of this subject. It is a hurdle requirement that a minimum grade of 50% is achieved in this component.

Prescribed Texts:

Gans, J., King, S., Mankiw, N.G. (2010) Principles of Microeconomics. 5th Edition, Cengage Learning, S. Melbourne, Vic. Australia

Breadth Options:

This subject is not available as a breadth subject.

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

It is expected students will develop:

  • Awareness of and ability to utilise appropriate communication technology and methods for the storage, management and analysis of data
  • Highly developed computer-based skills to allow for effective on-line learning and communication
  • Ability to collaborate, exchange ideas and debate across on-line platforms
  • Ability to plan work, use time effectively and manage small projects
Related Course(s): Graduate Certificate in Agribusiness
Graduate Certificate in Food Science
Graduate Diploma in Agricultural Sciences
Graduate Diploma in Food Science
Master of Agribusiness
Master of Agricultural Science
Master of Animal Science
Master of Food Science
Postgraduate Diploma in Agricultural Science
Postgraduate Diploma in Food Science
Related Majors/Minors/Specialisations: 100 Point (A) Master of Agricultural Sciences
100 Point (B) Master of Agricultural Sciences
150 Point Master of Agricultural Sciences
200 Point Master of Agricultural Sciences

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