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  3. Agribusiness Management Economics

Agribusiness Management Economics (AGRI90012)

Graduate courseworkPoints: 12.5On Campus (Parkville) and Online

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Overview

Availability
Semester 2 - On Campus
Semester 2 - Online
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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.

 

Intended learning outcomes

The objective of this subject is to extend the participant's 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
  • Quantitative skills required applying the theory to particular problems

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 online learning and communication
  • Ability to collaborate, exchange ideas and debate across online platforms
  • Ability to plan work, use time effectively and manage small projects

Last updated: 3 November 2022