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AGRICULTURAL MANAGEMENT ECONOMICS

AGR3AME

2020

Credit points: 15

Subject outline

This subject will provide students with skills in understanding and analysing the profitable use, maintenance and improvement of resources in agricultural businesses. Topics will include farm management analysis; financial management; profit, cash flows and business structure; gearing and growth; activity analysis and budgeting; investment analysis; risk analysis and risk management; and resource maintenance and improvement. The subject will include a farm visit associated with a case study on the agricultural business.

School: Life Sciences (Pre 2022)

Credit points: 15

Subject Co-ordinator: Anthony Gendall

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 3 - UG

Available as Elective: No

Learning Activities: N/A

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: N/A

Co-requisites: N/A

Incompatible subjects: N/A

Equivalent subjects: N/A

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Learning resources

The Farming Game: Agricultural Management and Marketing

Resource Type: Book

Resource Requirement: Prescribed

Author: B. Malcolm, J. Makeham and V. Wright

Year: 2005

Edition/Volume: N/A

Publisher: CAMBRIDGE UNIVERSITY PRESS

ISBN: N/A

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

Intended Learning Outcomes

01. Apply knowledge of financial assessment tools and prepare a major professional style report on the financial well- being of a farming business.
02. Analyse and record farming business financial data in spreadsheets.
03. Describe and explain how the financial performance of an agricultural business can be assessed
04. Explain and/or evaluate the importance of factors such as, cash flow, business structure, gearing and growth, risk management and resource management in determining the profitability of an agricultural business

Melbourne (Bundoora), 2020, Week 06-10, Day

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Anthony Gendall

Class requirements

Computer LaboratoryWeek: 6 - 6
Four 3.00 hours computer laboratory per week on weekdays during the day from week 6 to week 6 and delivered via face-to-face.

ExaminationWeek: 8 - 8
One 2.00 hours examination per study period on weekdays during the day from week 8 to week 8 and delivered via face-to-face.

Field TripWeek: 6 - 6
One 8.00 hours field trip per study period on weekdays during the day from week 6 to week 6 and delivered via face-to-face.
Farm Visit

LectureWeek: 6 - 6
Four 3.00 hours lecture per week on weekdays during the day from week 6 to week 6 and delivered via face-to-face.

Lecture/WorkshopWeek: 8 - 8
One 3.00 hours lecture/workshop per week on weekdays during the day from week 8 to week 8 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One 1750-word financial reportDue Week 7

N/AN/AN/ANo40SILO1, SILO2

One 2-hour examination (essay style and short answers) (2000 word equivalent)In Week 9.

N/AN/AN/ANo50SILO3, SILO4

Four 100-word tutorial -based exercises (equivalent to 400 words)

N/AN/AN/ANo10SILO1, SILO2, SILO3, SILO4