UWA Handbook 2017

Unit details

AGRI4402 Agribusiness

Credit 6 points
(see Timetable)
Semester 2UWA (Perth)Face to face
Details for undergraduate courses
  • Honours option in Agricultural Science [Bachelor of Science (Honours)]
Content This unit is designed to introduce students to the relevant concepts and principles in economics and business management and analytical tools in making strategic decisions in the agribusiness environment. The unit starts by exploring economic concepts and principles relevant for analysing strategic decisions in perfect competitive markets. The economic fundamentals of strategic management in agribusiness are explored by examining principles that underlie production decisions, the cost structure and profit maximization behavior of firms. Logistical and organizational issues that affect the size and scope of a firm and how decisions are made along the food value chains are examined. Students are also introduced to research methods in agribusiness.

The goal of this unit is to prepare students for professional endeavours that demand skills in managerial decision-making and communication in an agricultural related environment.
Outcomes Students are able to (1) evaluate different strategic options for an agribusiness firm facing competition in the marketplace and (2) apply economic concepts, principles, and analytical tools to conduct industry analysis and competitive analysis for firms operating in agricultural environment.
Assessment Typically this unit is assessed in the following ways: (1) examination; (2) case study 1; and (3) case study 2. Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s) Dr Jacob Hawkins
Unit rules
Prerequisites: enrolment in the Master of Agricultural Economics (coursework) (73530) or the Master of International Development (coursework or coursework and dissertation) (71550) or the Master of Agricultural Science (coursework or coursework and dissertation) (72510) or Bachelor of Science (Honours) (BH004) or Bachelor of Commerce (Honours) (BH002)
Advisable prior study: ECON3300 Agricultural Economics and Marketing or equivalent
Contact hours total workload: 150 hours; contact hours: 10 half days
Unit Outlinehttp://www.unitoutlines.science.uwa.edu.au/Units/AGRI4402/SEM-2/2017

Besanko, D. et al. Economics of Strategy, 5th edn. John Wiley & Sons 2010

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