- Module code
- Module leader
- Allan Butler
- Module level
- Module credits
- Min study time
- 100 hours
- Contact Hrs within study time
- 20 hours
- Teaching period
- Semester 1
Micro-economic theory, particularly pricing theories and markets; application to agricultural markets; government intervention in agricultural markets; cost theory; market structures and market failure.
Macroeconomic theory including: Keynesian and Monetarist theories; monetary and fiscal policy; inflation and unemployment; and global economies
To achieve credit for this module, students must be able to:
- Demonstrate a critical understanding of economic principles and apply these principles to critically analyse a particular market in the food and agriculture sector.
- Identify and contextualise problems and critically evaluate solutions to these problems for that particular sector.
- Write a well presented report with a coherent structure.
Students should be familiar with the content of the following:
- Barkley, A. and Barkley, P.W. (2013). Principles of Agricultural Economics Routledge.
- Hill, B. (2014). An introduction to Economics 4th Edition: Concepts for Students of Agriculture and the Rural Sector, Cabi.
- Nellis, J G. and Parker, D. (2006) Principles of business economics. 2nd ed. Pearson Education.
- Nellis, J G. and Parker, D. (2004) Principles of macroeconomics. Pearson Education.