AGRI5402 Agribusiness

6 points
(see Timetable)
Semester 2UWA (Perth)Face to face
Details for undergraduate courses
  • Honours option in Agricultural Science [Bachelor of Science (Honours)]
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 behaviour of firms. Logistical and organisational 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.
Students are able to (1) understand theoretical concepts in managerial economics; (2) evaluate different strategic options for an agribusiness firm facing competition in the marketplace; and (3) apply economic concepts, principles and analytical tools to conduct industry analysis and competitive analysis for firms operating in an agricultural environment.
Indicative assessments in this unit are as follows: (1) examination; (2) oral presentations; and (3) reports. Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s)
Dr Amin Mugera
Unit rules
enrolment in the Master of Agricultural Economics (73530) or the Master of International Development (71550) or the Master of Agricultural Science (72510) or honours in the Faculty of Science or Business School
Advisable prior study:
ECON3300 Agricultural Economics and Marketing or equivalent
AGRI4402 Agribusiness
Contact hours
total workload: 150 hours; contact hours: 10 half days

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

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