Economic Applications for Rural Business
- Module code
- Module leader
- Dr Louise Manning / Dr Jonathan Turner
- Module level
- Module credits
- Min study time
- 75 hours
- Contact Hrs within study time
- 20 hours
- Teaching period
- October to Jan Friday am
An explanation of the economic models of production decision making applied to (agriculture as an example of) rural business activity. An introduction to the application of accounting (gross margin) and planning (partial budgeting) as basic tools to inform business decisions. Assessing business performance (some comparative analysis/benchmarking).
To achieve credit for this module, students must be able to:
1.Demonstrate understanding of the economic models studied and their application to rural business.
2.Illustrate the use of information to inform basic business analysis and planning related to rural business.
3.Interrogate basic physical and financial data and compile basic accounts for management decision making purposes.
|Coursework||1 x Group Project Report||100%|
Students should be familiar with the content of at least one of the following:
- Beierlein, J.G., Schneeberger, K.C. and Osburn, D.D. (2008). Principles of Agribusiness Management. (4th edition). Waveland.
- Cramer, G.L., Jensen, C.W. and Southgate, D.D. (2001). Agricultural Economics and Agribusiness. J Wiley.
- Jones, T. (2004). Business Economics and Managerial Decision Making. J Wiley.
- Turner, J.C. and Taylor, M.R. (1998). Applied Farm Management. (2nd edition). Blackwell Science.