AGRICULTURAL MANAGEMENT ECONOMICS

AGR3AME

2021

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.

SchoolLife Sciences

Credit points15

Subject Co-ordinatorAnthony Gendall

Available to Study Abroad/Exchange StudentsYes

Subject year levelYear Level 3 - UG

Available as ElectiveNo

Learning ActivitiesN/A

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Readings

The Farming Game: Agricultural Management and Marketing

Resource TypePrescribed

Resource RequirementN/A

AuthorB. Malcolm, J. Makeham and V. Wright

Year2005

Edition/VolumeN/A

PublisherCAMBRIDGE UNIVERSITY PRESS

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/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

Subject options

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Start date between: and    Key dates

Melbourne (Bundoora), 2021, Week 06-10, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorAnthony Gendall

Class requirements

Computer LaboratoryWeek: 6 - 6
Four 3.00 h 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 h 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 h 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 h 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 h 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 report. Due Week 7

N/AReportIndividualNo40 SILO1, SILO2

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

N/ACentral examIndividualNo50 SILO3, SILO4

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

N/AOtherIndividualNo10 SILO1, SILO2, SILO3, SILO4