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Managing Risk (AGRI90016)
Graduate courseworkPoints: 12.5On Campus (Parkville) and Online
Please refer to the return to campus page for more information on these delivery modes and students who can enrol in each mode based on their location.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
July
July
Overview
Availability | July - On Campus July - Online |
---|---|
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 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 (Online)
March (Dual-Delivery - Parkville)
|
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
July
Description | Timing | Percentage |
---|---|---|
Assignment 1 - 4 parts. 250 words each. One component due each week from week 1 to 4. Each worth 5%
| From Week 1 to Week 4 | 20% |
Assignment 2 due end of week 11
| End of the assessment period | 30% |
Examination
| Week 8 | 50% |
Additional details
Online Students: Only available to existing Master of Agribusiness
- Assignment 1 (1000 words) 4 parts. 250 words each. One component due each week from week 1 to 4. Each worth 5%
- Assignment 2 (1500 words) due end of assessment period (30%)
- 2 hour take home exam due approximately week 8 (30%)
- Online discussion participation throughout the semester (20%)
Last updated: 3 November 2022
Dates & times
- July - On Campus
Coordinator Paul Deane Mode of delivery On Campus (Parkville) Contact hours On campus This subject is taught using multimedia teaching techniques and is based around business case studies. Students have 2 hours of lectures, 2 hours of tutorials and 4 hours of online practicals/forums/webinars per week. Total time commitment 170 hours Teaching period 26 July 2021 to 19 September 2021 Last self-enrol date 6 August 2021 Census date 13 August 2021 Last date to withdraw without fail 3 September 2021 Assessment period ends 19 September 2021 July contact information
- July - Online
Coordinator Paul Deane Mode of delivery Online Contact hours Online This subject is taught using multimedia teaching techniques and is based around business case studies. Students have 2 hours of lectures, 2 hours of tutorials and 4 hours of online practicals/forums/webinars per week. Total time commitment 170 hours Teaching period 26 July 2021 to 19 September 2021 Last self-enrol date 6 August 2021 Census date 13 August 2021 Last date to withdraw without fail 3 September 2021 Assessment period ends 19 September 2021 July contact information
Additional delivery details
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Agribusiness Course Graduate Certificate in Agricultural Sciences Course Graduate Diploma in Agribusiness for Veterinarians 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.
- 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