791-325 Agricultural Policy

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Objectives:

The objective of the subject is to provide students with.

• an understanding of the importance of the agricultural sector to the Australian economy, in particular considering the impact of Government policies on the agricultural sector;

• an understanding of the importance of international trade to the agricultural sector and consider the impact of world trade and economic policies on overseas trade;

• an understanding of the Statutory Marketing Authorities that are applicable to the management of an agricultural business.

Content:

An overview of the ways in which the prices of agricultural commodities are determined. An analysis of Australian agriculture, its contribution to GDP, the value of exports and a comparison of agriculture's contribution in relation to other sectors. The theory of international trade and an analysis of the importance of international markets to agriculture and the implication of exchange rate changes. The concept of free trade and its implications for Australian agriculture. An analysis of agricultural policy issues both foreign and domestic and their influence on the agricultural sector.

Assessment: