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Managing Risk (AGRI90016)
Graduate courseworkPoints: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
February
Email: peterm1@unimelb.edu.au
Overview
Availability | February |
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Fees | Look up fees |
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.
Intended learning outcomes
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:
- To measure and analyse risk
- To identify and manage risk through strategic alliances and internal controls
- To manage price risk through forward contracting, futures, options, and over-the-counter bank products
- To analyse problems with risk management
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 on-line platforms
- Ability to plan work, use time effectively and manage small projects
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
AGRI90013 | Financial Management for Agribusiness |
Semester 1 (Online)
Semester 1 (On Campus - Parkville)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Students who haven’t completed the AGRI90013 requisite and have completed undergraduate studies in agricultural economics, business or related disciplines may seek a waiver from the subject coordinator to enrol in this subject.
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.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
This course requires all students to actively and safely participate in field excursions and laboratory activities. Students who feel their disability may impact upon their participation are encouraged to discuss this matter with the Subject Coordinator and Student Equity and Disability Support.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Additional details
- Individual report 1 (500 words) due during the intensive (10%)
- Individual report 2 (500 words) due three weeks after the intensive (10%)
- Group presentation (30-minutes in total) (3 people) including PowerPoint due during the intensive (20%)
- Case study report (2000 words) due at the end-of-assessment period (40%)
- 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.
Last updated: 3 November 2022
Dates & times
- February
Principal coordinator Peter Mcsweeney Mode of delivery On Campus (Parkville) 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 144 hours Pre teaching start date 30 January 2017 Teaching period 13 February 2017 to 17 February 2017 Last self-enrol date 1 February 2017 Census date 16 February 2017 Last date to withdraw without fail 31 March 2017 Assessment period ends 28 April 2017 February contact information
Email: peterm1@unimelb.edu.au
Time commitment details
144 Hours
Additional delivery details
- Please refer to the Intensive schedule located at the following address for any further information: http://fvas.unimelb.edu.au/study/courses/master-of-agribusiness/degree-structure#nav
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
Williams, John, 2013, Agricultural Supply Chains and the Challenge of Price Risk, Earthscan-Routledge, Abingdon, UK.
Recommended texts and other resources
Further reading material will be available online.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Graduate Certificate in Agricultural Sciences Course Graduate Diploma in Agribusiness for Veterinarians Course Master of Agribusiness Major Agribusiness Specialisation Informal specialisation Master of Agricultural Sciences - Elective Subjects Specialisation (formal) Agribusiness - Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Last updated: 3 November 2022