- 6 points
Availability Location Mode Semester 2 UWA (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
- The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
- All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
- 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.