AGRI2001 World Food Production Systems

6 points
AvailabilityLocationModeFirst year of offer
Not available in 2018
Details for undergraduate courses
  • Level 2 elective
This unit will give students an introduction to the economics, management and finance of global food systems. Using case studies drawn from different commodities and countries it will analyse how food is supplied from farmers to final consumers.
The unit will use case studies to illustrate key economic, management and financial principles that under pin the food supply system. Each of the elements of the supply chain will be explored using a developed (Australia, US and Europe) and developing country case study.
1. Farm production and profitability – the farmer's perspective
2. Agribusiness and agricultural investment and risk – large scale developments and corporate farms
3. The supply chain – how is food delivered from farm to consumers – merchants and cooperatives
4. Food processing, product differentiation and value adding – the food industry
5. Retailing and market power – retailers and consumers
6. The role of government– agricultural policy, food safety, food and health, R&D
Students are able to (1) apply concepts from first year economics to food markets; (2) analyse the determinants of supply and demand for staples such as wheat, rice and milk; (3) appreciate the role of branding and market power; (4) appreciate the difference between commercial and smallholder agriculture; and (5) be able to analyse agribusiness investments.
Typically this unit is assessed in the following ways: (1) student group seminars; (2) quiz; and (3) final examination. Further information is available in the unit outline.

Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
Unit Coordinator(s)
Associate Professor Benedict White
Unit rules
ECON1101 Microeconomics: Prices and Markets, ACCT1101 Financial Accounting
Contact hours
Lectures 2 hours per week, Tutorial 1 hour per week
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
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  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available via the Booktopia Textbook Finder, which has the functionality to search by course code, course, ISBN and title, and may also be posted or available at the appropriate school's administrative offices. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.