Studying online

There are now 2 possible online modes for units:

Units with modes Online timetabled and Online flexible are available for any student to self-enrol and study online.

Click on an offering mode for more details.

Unit Overview

Description

In agricultural economics, and applied economics more generally, many questions of interest can be investigated formally. The focus of this unit is on the methods and techniques that can be used to: (1) analyse consumer and producer behaviour; (2) gain insights on future developments in consumer and producer markets; and (3) understand the impact of key policy changes on consumers and producers. Topics covered in the unit include how to evaluate policy actions such as the introduction of a tax or joining a free trade area; the relationship between commodity stock levels and commodity price levels; how to establish relationships between consumer goods and the growth prospects for different goods; optimal resource allocation within a firm or across different production inputs; the role of economies of scale in production; analysing trade and trade policy; developing measures of economic welfare; game theory models of pricing; and decision making under uncertainty.

Credit
6 points
Offering
(see Timetable)
AvailabilityLocationMode
Semester 1UWA (Perth)Face to face
Outcomes

Students are able to (1) derive formal expressions for demand relationships between goods; (2) measure the welfare effect of policy changes; (3) develop formal models to study commodity markets; (4) develop formal models to study production decisions; and (5) interpret and communicate the output of formal models and expressions.

Assessment

Indicative assessments in this unit are as follows: (1) assignments; (2) participation and preparation activities (quizzes); and (3) final test. Further information is available in the unit outline.



Student may be offered supplementary assessment in this unit if they meet the eligibility criteria.

Unit Coordinator(s)
Dr Atakelty Hailu
Unit rules
Prerequisites
Enrolment in
73530 Master of Agricultural Economics
Contact hours
24 hours. The total workload for this unit is 150 hours.
  • 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.
  • Visit the Essential Textbooks website to see if any textbooks are required for this Unit. The website is updated regularly so content may change. Students are recommended to purchase Essential Textbooks, but a limited number of copies of all Essential Textbooks are held in the Library in print, and as an ebook where possible. Recommended readings for the unit can be accessed in Unit Readings directly through the Learning Management System (LMS).
  • Contact hours provide an indication of the type and extent of in-class activities this unit may contain. The total amount of student work (including contact hours, assessment time, and self-study) will approximate 150 hours per 6 credit points.