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Managing Risk (AGRI90016)
Graduate courseworkPoints: 12.5Online and On Campus (Parkville)
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 2
Semester 2
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
Availability | Semester 2 - Online Semester 2 - On Campus |
---|---|
Fees | Look up fees |
Managing risk is fundamental to agribusiness management. The art of managing risk is balancing the consequences of loss and the rewards of profit.
In practical business management - farmers, merchants, and end-users in a food/fibre supply chains are exposed to volatility, particularly supply and price risk. In this subject, the focus is on business decision-making under risk and uncertainty and techniques to manage volatile commodity prices, currency and interest rates.
Intended learning outcomes
On completion of this subject students should be able to
- Be familiar with risk principles and application across disciplines
- Be familiar with decision theory under risk and uncertainty in agribusiness
- Understand the role of risk: reward trade-offs in the food-fibre supply chain
- Be able to measure risk and price volatility
- Be able to identify and articulate risk in agribusiness cases studies
- Analyse risk and apply tools of risk management to business decision-making
- Establish effective hedging strategies for managing commodity price risks through forward contracts, future contracts, options, & over-the-counter products
- Distinguish between financial and business risks and be able to analyse strategic risk management decisions
Generic skills
- Awareness of and ability to utilise appropriate communication technology and methods for the storage, management and analysis of data
- Computer-based skills to allow for effective online learning and communication and analysis using decision analysis and risk computer software.
- Ability to collaborate, exchange ideas and debate
- 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 |
March (On Campus - Parkville)
March (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
The subject uses MS excel or equivalent requiring a basic knowledge of excel functions and the use of Add-ins. It is recommend students have a basic knowledge in MS Excel or equivalent. The subject also uses Palisade @RISK software which students can access through the MyUniApps portal or by loading a standalone student version on their laptop - a licence is provided free for students as part of the subject. It is recommended online students have access to a Windows-based operating system during the study period. Campus students can also borrow laptops with @RISK loaded for 2 hours at a time if needed as part of the subject.
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
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
Description | Timing | Percentage |
---|---|---|
On Campus: Assignment 1 due end of week 6
| Week 6 | 20% |
On Campus: Assignment 2 due end of week 11
| Week 11 | 30% |
On Campus: Examination
| End of semester | 50% |
On Campus: Attendance Hurdle requirement: Students must attend 80% of workshops. | N/A |
Additional details
Online Students: Only available to existing Master of Agribusiness
- Assignment 1 (1000 words) due end of week 6 (20%)
- Assignment 2 (1500 words) due end of week 11 (30%)
- 2 hour take home exam due approximately week 12 (30%)
- Online discussion participation throughout the semester (20%)
Last updated: 3 November 2022
Dates & times
- Semester 2 - Online
Coordinators Paul Deane and Bob Farquharson Mode of delivery Online Contact hours this subject is taught using multimedia teaching techniques and is based around business case studies. It is recommended that online students devote 12 hours per week to this subject. Total time commitment 144 hours Teaching period 3 August 2020 to 1 November 2020 Last self-enrol date 14 August 2020 Census date 21 September 2020 Last date to withdraw without fail 16 October 2020 Assessment period ends 27 November 2020 Semester 2 contact information
- Semester 2 - On Campus
Coordinators Bob Farquharson and Paul Deane Mode of delivery On Campus (Parkville) Contact hours 24 hours. This subject is taught using multimedia teaching techniques and is based around business case studies. On-campus students have the equivalent of two hours per week of face-to-face contact. Total time commitment 144 hours Teaching period 3 August 2020 to 1 November 2020 Last self-enrol date 14 August 2020 Census date 21 September 2020 Last date to withdraw without fail 16 October 2020 Assessment period ends 27 November 2020 Semester 2 contact information
Time commitment details
144 Hours
Additional delivery details
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
Reading material is provided to students as required in lectures.
- 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 Specialisation (formal) Agribusiness Informal specialisation Master of Agricultural Sciences - Elective Subjects - 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: 3 November 2022