AGRI08012 2016 Agri-Business and Economics

General Details

Full Title
Agri-Business and Economics
Transcript Title
Agri-Business and Economics
Code
AGRI08012
Attendance
N/A %
Subject Area
AGRI - Agriculture
Department
ESCI - Environmental Science
Level
08 - NFQ Level 8
Credit
10 - 10 Credits
Duration
Semester
Fee
Start Term
2016 - Full Academic Year 2016-17
End Term
2019 - Full Academic Year 2019-20
Author(s)
John Gaynor, Uma Tiwari, Louise Walsh
Programme Membership
SG_SAGRI_H08 201800 Bachelor of Science (Honours) in Science in Agri-Food Science
Description

This module introduces students to the principles of finance as applied to agriculture and farming. 

In addition students are equipped with knowledge of how agricultural markets work and how government policy influences market activity. 

Learning Outcomes

On completion of this module the learner will/should be able to;

1.

Discuss the layout of financial statements and the terminology used.

2.

Interpret the financial statements of a small agricultural business using ratio analysis.

3.

Apply the main principles of management accounting for planning, controlling and short term decision making in agriculture.

4.

Report to management on the financial performance of an organisation or enterprise.

5.

Understand the concept of economics as a discipline and why it is relevant to agriculture

6.

Identify, using demand and supply analysis, how agricultural markets operate and the factors influencing agricultural prices.

7.

Understand the rationale behind government intervention in agricultural markets and the implications of that intervention

8.

Agriculture and Developing Countries

9.

International Trade and Agricultural Trade Policy

Teaching and Learning Strategies

This module will be delivered through a combination of lectures, tutorials and workshops. There will be an emphasis on the practical application of knowledge through the use of case studies. 

Module Assessment Strategies

Continuous Assessment will account for 30% of the overall mark and the final exam will account for 70% of the overall mark.

The continuous assessment will consist of one of the following:

  • Group project
  • Written Assessment
  • Multiple choice assessment
  • Essay
  • Report

Repeat Assessments

A repeat assessment will be offered at the end of term.

Indicative Syllabus

  • Layout of financial statements 
  • Ratio analysis 
  • Cash flow statements 
  • Financial planning 
  • Communication of financial performance to management
  • Demand, Supply and Equilibrium in Agricultural Markets
  • Government Policy and Agricultural Markets
  • Trade Theory and it's application to agriculture
  • Agricultural Trade Liberalisation

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
50 %
End of Semester / Year Formal Exam
50 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Financial Statements Case Study Continuous Assessment Group Project 25 % Week 6 1,2,3,4
2 In Class Assessment Continuous Assessment Assessment 25 % Week 10 5,6,7
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Terminal Exam Final Exam Closed Book Exam 50 % End of Semester 1,2,3,4,5,6,7,8,9
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Lecture Theatre Lecture 4 Weekly 4.00
Tutorial Flat Classroom Tutorial 2 Weekly 2.00
Independent Learning Not Specified Personal Study 3 Weekly 3.00
Total Full Time Average Weekly Learner Contact Time 6.00 Hours

Required & Recommended Book List

Recommended Reading
2016-03-13 Principles of Agricultural Economics (Routledge Textbooks in Environmental and Agricultural Economics) Routledge
ISBN 113891410X ISBN-13 9781138914100

Principles of Agricultural Economics, now in its second edition, showcases the power of economic principles to explain and predict issues and current events in the food, agricultural, agribusiness, international trade, natural resource and other sectors.

The field of agricultural economics has expanded to include a wide range of important and interesting topics, including macroeconomics, international trade, agribusiness, environmental economics, natural resources, and international development. For this new edition, the text has been updated throughout with a new chapter on policy, separate chapters for supply and demand, and increased coverage of key topics and approaches including finance, trade and behavioural economics. Readers will also benefit from an expanded range of case studies which demonstrate real world examples of the principles under discussion. These include obesity, alternative fuels, trade disputes, and animal welfare. The companion website provides students and instructors with extra material in order to enhance their learning and further their understanding of agricultural economics.

This book introduces economic principles in a succinct and reader-friendly format, providing students and instructors with a clear, up-to-date, and straightforward approach to learning how a market-based economy functions, and how to use simple economic principles for improved decision making. The principles are applied to timely, interesting, and important real-world issues through words, graphs, and simple algebra. This book is for students who study agricultural economics, microeconomics, rural development and environmental policy.

Module Resources

Non ISBN Literary Resources

Eddie McLaney, 2014 Accounting & Finance for Non-Specialists, 9th edition Trans-Atlantic Publications

ISBN-10 1292062711, ISBN-13 9781292062716

Macroeconomics, Agriculture, and Food Security A Guide to Policy Analysis in Developing Countries Eugenio Díaz-Bonilla; International Food Policy Research Institute Washington, DC. 2015