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Agribusiness 1 (AGRI90012)
Graduate courseworkPoints: 12.5On Campus (Parkville)
To learn more, visit 2023 Course and subject delivery.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Overview
Availability | Semester 1 |
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Fees | Look up fees |
An understanding of managerial economic theory to solving real world problems is integral to sound business decision-making. Through this subject student will gain an understanding of, and ability to apply, key micro economic principles and applied economics and finance to management decisions in agriculture and food sectors. They will also experience the application of management economics to Australian and global agribusiness issues and challenges. Students will become familiar with concepts of market demand and supply, theory of the firm, market structure, trade, market failure, the impact of government policies, financial statements and capital budgeting.
Intended learning outcomes
On completion of this subject, students should be able to:
- Understand how a modern market economy functions and the role of the agribusiness sector
- Understand the concepts of supply, demand, equilibrium, (economic) profits and prices to explain differences across different agri markets
- Apply microeconomic analytical techniques to agribusiness to improve decision-making and problem solving
- Apply economic principles to identify and then analyse solutions to problems and challenges of firms operating agribusiness
- Use financial and economic information to determine appropriate investment decisions
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- Evaluation and synthesis of ideas, views and evidence
- Critical thinking
- Accessing economic and agribusiness information
- Problem solving skills
- Collaborative learning and teamwork
- Written communication
- Management and analysis of financial data
- Ability to plan work, use time effectively
- Manage small projects
Last updated: 10 November 2023
Eligibility and requirements
Prerequisites
Corequisites
Non-allowed subjects
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: 10 November 2023
Assessment
Description | Timing | Percentage |
---|---|---|
Essay
| Week 5 | 20% |
Management report
| Week 10 | 30% |
Examination
| During the examination period | 50% |
Attendance Hurdle requirement: Students must attend 80% of workshops | N/A |
Last updated: 10 November 2023
Dates & times
- Semester 1
Principal coordinator Nanette Esparon 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 170 hours Teaching period 27 February 2023 to 28 May 2023 Last self-enrol date 10 March 2023 Census date 31 March 2023 Last date to withdraw without fail 5 May 2023 Assessment period ends 23 June 2023 Semester 1 contact information
Time commitment details
170 hours
Last updated: 10 November 2023
Further information
- Texts
Prescribed texts
Gans, J., King, S., Byford, M., Mankiw, N.G. (2018) Principles of Microeconomics. 7th Edition, Cengage Learning, S. Melbourne, Vic. Australia
- Related Handbook entries
This subject contributes to the following:
Type Name Course Graduate Diploma in Agricultural Sciences Course Graduate Diploma in Food Science Course Graduate Certificate in Agricultural Sciences Course Graduate Certificate in Food Science Course Master of Food Science 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: 10 November 2023