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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 |
---|---|
Fees | Look up fees |
Risk management needs to be an integral part of good business practice. Risk standards and obligations are changing requiring responses in both strategic and operational management terms. Corporate agribusiness in particular needs to ensure appropriate corporate governance in assessing and managing risk.
At a practical management level farmers, merchants, and end-users in deregulated food/fibre supply chains are increasingly exposed to risk, particularly delivery risk and price variability-volatility.
The inherent trade-offs in risk management make managing risk difficult to achieve. 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
Understand variability and randomness of event occurrences
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
- Skills in team work and working in group environments
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
AGRI90013 | Financial Management for Agribusiness |
Semester 1 (On Campus - Parkville)
Semester 1 (Online)
|
12.5 |
Note: Students who have not 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.
Corequisites
None
Non-allowed subjects
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.
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 teaching period (10%)
- Individual report 2 (500 words) due three weeks after the teaching period (10%)
- Group presentation (30-minutes in total) (3 people) including PowerPoint due during the teaching period (20%)
- Case study report (2000 words) due four weeks after the teaching period (40%)
- Online discussion participation within four weeks after the teaching period (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 2018 Pre teaching requirements Pre-teaching period commences on 30 January Teaching period 5 February 2018 to 9 February 2018 Last self-enrol date 31 January 2018 Census date 16 February 2018 Last date to withdraw without fail 9 March 2018 Assessment period ends 31 March 2018 February contact information
Email: peterm1@unimelb.edu.au
Time commitment details
144 Hours
Additional delivery details
- This subject has a pre-teaching period commencing on the 30th January. Students will be required to undertake some reading material and do some preparation for a class presentation
- The 2018 Intensive dates for this subject are: 5 - 9 February
- 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, 2014, 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 Master of Agribusiness Course Graduate Diploma in Agribusiness for Veterinarians Informal specialisation Master of Agricultural Sciences - Elective Subjects Specialisation (formal) Agribusiness Major Agribusiness Specialisation - 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