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212-202 Agricultural Economics | |
Credit Points | 10 |
Coordinator | Assoc. Professor L R Malcolm |
Semester | 2 (view timetable) |
Contact | 36 hours of Lectures and 12 hours of Tutorials |
Subject Description | The aim of the subject is provide students with an understanding of basic principles of economics, with emphasis on the agricultural sector. After completing this subject students will be able to apply economic ways of thinking and techniques of analysis to questions about uses of resources. The subject covers the following topics. Introductory principles of micro and macro economics. Scarcity. Demand. Supply. Markets. Competition and resource allocation. Demand, price, elasticity and total revenue. Supply, production and cost relationships. Marginal analysis and profit. Market failure. Capital markets. Investment. Economic growth. Role of government. Economic cycles. Comparative advantage and trade. Agriculture in the economy. |
Assessment | A three (3) hour written examination at the end of semester worth 70%. Three (3) assessment tasks during semester, each worth 10%. |
Prescribed Texts |
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Search : Index : Institute of Land and Food Resources : Bachelor of Agricultural Science
Prev 606-023 Agricultural Botany
Next 212-220 Animal Science 1
Status: Official 1999 Last Modified: Tuesday October 20 11:51 SGML to HTML Conversion: Information Technology Services Authorised by: Academic Registrar Email Enquiries: Course_Information@registrar.unimelb.edu.au