Note: This is an archived Handbook entry from 2015.
|Dates & Locations:|| |
This subject has the following teaching availabilities in 2015:February, Parkville - Taught on campus.
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 analysis and business case studies. There is a 5 day intensive for this subject (in February) followed by learning tasks and discussion facilitated using the LMS. |
Total Time Commitment:
Study Period Commencement:
|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:||
It is University policy to take all reasonable steps to minimise the impact of disability upon
CoordinatorMr Peter Mcsweeney
Farmers, merchants, and end-users in deregulated food/fibre supply chains are increasingly exposed to risk, particularly delivery risk and price variability-volatility. Consequently, risk management needs to be an integral part of good business practice. However, there can be risk inter-change and trade-offs in risk management, which makes managing risk difficult to achieve. But without risk, there are no opportunities for business profit. Risk needs to be balanced between the risk of losses and the rewards through profit. In some agricultural industries, a sound understanding of the theory and practice of future market operations, and associated price risk management instruments, is fundamental to business management and decision-making.
This subject focuses on agribusiness risk with an emphasis on risk identification, measurement, analysis, and management. Risk analysis will include risk in relation to returns and cost, and why some risk taking is important to business. The success and failures of risk management will be examined. The objective of this subject is to extend the participant's ability:
*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.
Williams, John, 2013, Agricultural Supply Chains and the Challenge of Price Risk, Earthscan-Routledge, Abingdon, UK.
|Recommended Texts:|| |
Further reading material will be available online.
|Breadth Options:|| |
This subject is not available as a breadth subject.
|Fees Information:||Subject EFTSL, Level, Discipline & Census Date|
It is expected students will develop:
Master of Agribusiness |
Master of Agribusiness (Coursework)
100 Point (A) Master of Agricultural Sciences |
150 Point Master of Agricultural Sciences
200 Point Master of Agricultural Sciences
Download PDF version.