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Economics of Food Markets (ECON30007)

Undergraduate level 3Points: 12.5On Campus (Parkville)

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Overview

Availability
Semester 2
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Topics include the reasons for, and the economic analysis of, government intervention in food production, food distribution and food consumption; agri-food policies in selected countries; food standards and international trade, world food security; and agriculture in the World Trade Organization (WTO). Prescribed Texts: There is no prescribed text. Readings based on journal articles will be provided through the LMS.

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

  • High level of development: written communication; problem solving; application of theory to practice; critical thinking.

  • Moderate level of development: collaborative learning; team work; accessing data and other information from a range of sources; receptiveness to alternative ideas.

  • Some level of development: oral communication.

Last updated: 2 December 2023

Eligibility and requirements

Prerequisites

Code Name Teaching period Credit Points
ECON20002 Intermediate Microeconomics
Semester 1 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
 12.5

Corequisites

None

Non-allowed subjects

None

Recommended background knowledge

Please refer to Prerequisites and Corequisites.

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.

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: 2 December 2023

Assessment

Additional details

  • A 2-hour written examination; end of semester, (60%)
  • A mid-semester test; in week 6, (20%)
  • An assignment totalling not more than 2000 words, due in week 9, (20%)
  • To pass this subject students must pass the end of semester examination.

Last updated: 2 December 2023

Dates & times

  • Semester 2
    Principal coordinatorDonald MacLaren
    Mode of deliveryOn Campus (Parkville)
    Contact hoursTwo 1-hour lectures and a 1-hour tutorial per week
    Total time commitment170 hours
    Teaching period23 July 2018 to 21 October 2018
    Last self-enrol date 3 August 2018
    Census date31 August 2018
    Last date to withdraw without fail21 September 2018
    Assessment period ends16 November 2018

    Semester 2 contact information

    d.maclaren@unimelb.edu.au

Time commitment details

170 Hours

Last updated: 2 December 2023

Further information

  • Texts

    Prescribed texts

    You will be advised of prescribed texts by your lecturer.

  • Related Handbook entries

    This subject contributes to the following:

    TypeName
    CourseU21 Diploma in Global Issues
    MajorEconomics
  • Breadth options

    This subject is available as breadth in the following courses:

  • 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.

  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 2 December 2023