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Agricultural Economics (AGRI20042)
Undergraduate level 2Points: 12.5On Campus (Parkville)
From Semester 1, 2023 our undergraduate programs will be delivered on campus. Graduate programs will mainly be delivered on campus, with dual-delivery and online options available to a select number of subjects within some programs.
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 |
|---|---|
| Fees | Look up fees |
Formerly ECON20012
Agricultural Economics is an introduction to applying principles of agricultural economics to understanding the roles and practices of agriculture in the economy and the behaviour of producers and consumers in the agribusiness and farm sectors.
The content will include the role and operation of agricultural markets; agricultural supply and demand; the role of prices and competition between buyers and sellers in agribusiness markets and efficient use of resources; the theory and application of production economics; and rationale for international trade.
Intended learning outcomes
On completion of this subject, students will have gained:
- An understanding of the fundamental economic principles underlying behaviour of agricultural producers and consumers in the economy;
- Knowledge of the agricultural economic forces in the economy affecting the operation of agribusiness firms and farms using natural resources to produce food and fibre.
Generic skills
Students will learn to apply economic ways of thinking to questions about producing and consuming agricultural goods and services.
Last updated: 12 May 2023
Eligibility and requirements
Prerequisites
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| AGRI10047 | Agriculture in Australia | Semester 1 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
ECON20012 Agricultural Economics
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: 12 May 2023
Assessment
| Description | Timing | Percentage |
|---|---|---|
Written test to be held approximately in week 4
| Week 4 | 20% |
Written test to be held approximately in week 9
| Week 9 | 20% |
Examination
| During the examination period | 60% |
| Hurdle requirement: Students must attend a minimum 80% of scheduled workshops/practical classes | N/A |
Last updated: 12 May 2023
Dates & times
- Semester 1
Principal coordinator Bill Malcolm Mode of delivery On Campus (Parkville) Contact hours 43 hours incorporating 22 hours of lectures, 11 hours of tutorials or workshops 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
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
- Completion rate. Students who started their course from 2022 and are in a CSP or receiving a HELP Loan (eg FEE-HELP) must meet the completion rate to continue to receive Commonwealth Support for that course.
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement, and as a fail toward the completion rate, unless there are approved ‘special circumstances’.
Last updated: 12 May 2023
Further information
- Texts
Prescribed texts
Principles of Microeconomics, 8th Edition | 8th Edition | AU/NZ
Joshua Gans/Joshua Gans/Stephen King/Martin Byford/Gregory Mankiw
- Related Handbook entries
This subject contributes to the following:
Type Name Major Plant and Soil Science Major Production Animal Science Major Agricultural Economics - 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: 12 May 2023