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Economics of Food Markets (ECON30007)
Undergraduate level 3Points: 12.5On Campus (Parkville)
Overview
Availability | Semester 2 |
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Fees | Look up fees |
Topics include the reasons for, and analysis of, government intervention in the agri-food sector; the policy objectives and instruments of government intervention in selected countries; agricultural protectionism and the World Trade Organization; international trade and food safety; and world food security.
Intended learning outcomes
On completion of this subject students should be able to:
- explain the reasons for government intervention in the agri-food sectors of several countries and identify the policy objectives being pursued;
- critically analyse the economic effects, including the trade and welfare effects, of the policy instruments employed;
- synthesise the current policy issues in the agri-food sectors of the world economy including issues such as trade and the volatility of food prices, and trade and food safety;
- critically analyse the issue of world food security;
- explain the position of agriculture in the WTO; and critically appraise the current proposals under negotiation in the WTO.
Generic skills
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High level of development: written communication; problem solving; application of theory to practice; critical thinking.
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Moderate level of development: collaborative learning; team work; accessing data and other information from a range of sources; receptiveness to alternative ideas.
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Some level of development: oral communication.
Last updated: 6 December 2024