Economics and Agricultural Policy
- Module code
- Module leader
- John Nixon
- Module level
- Module credits
- Min study time
- 150 hours
- Contact Hrs within study time
- 40 hours N/A for DL
- Teaching period
- October to March N/A for DL
Production economics; Decision-Making Theory (as applied to tactical and strategic decision-making). Micro-economic theory, particularly pricing theories and markets. Keynesian and Monetarists approaches to the macro-economy. Inflation and unemployment. International Trade Theory. The Common Agricultural Policy of the European Union. The World Trade Organisation and multilateral agreement on trade in agricultural products.
To achieve credit for this module, students must be able to:
- Understand the basic microeconomic principles of supply and demand, government intervention and externalities.
- Apply these principles to analyse a particular market.
- Demonstrate a critical knowledge and understanding of macroeconomic theory as applied to business.
- Evaluate the impact of government policy, the Common Agricultural Policy of the European Union and the World Trade Organisation on businesses.
|Coursework||1 x report||50%|
|Examination||1 x 3 hour unseen exam||50%|
Students should be familiar with the content of at least one of the following:
- European Commission (2012). Agriculture and Rural Development 2012: The CAP Towards 2020 discussion paper. [online] Available from here.
- Nellis, J.G. and Parker, D. (2006). Principles of Business Economics. (2nd edition). Pearson Education.
- Nellis, J.G. and Parker, D. (2004). Principles of Macroeconomics. Prentice Hall.
- Koo, R. (2011). The world in balance sheet recession: causes, cure, and politics. Real-world Economics Review. Issue no. 58 (12) December 2011:19-37. [online] Available from here.
- Wei, S.J. (2010). The mystery of Chinese savings [online]. Available from here.
- World Trade Organisation (2013). The Doha Round. [online]. Available from here.