Agricultural Economics

The major in Agricultural Economics provides a valuable understanding of commodity markets and the economics of agricultural production. Focus in this major is on the development of analytical, quantitative and communication skills. This major adds considerably to the prospects of students interested in working as applied economists in commodities and futures markets, merchant and trading banks, government departments, large agribusiness firms, corporate farms, and in the media as economic journalists.

Requirements

For the award of a major in Agricultural Economics, students complete 24 credit points of junior prerequisites and 26 credit points in senior units:

(i) four junior prerequisite units of study (24 credit points), as follows:

(ii) three compulsory senior units of study (18 credit points), as follows:

  • ECOS2001 Intermediate Microeconomics; OR ECOS2901 Intermediate Microeconomics Honours*
  • AREC2001 Economics of Biological Production Systems
  • AREC2002 Commodity Market and Price Analysis

(iii) a minimum of two senior elective units of study (12 credit points) selected from the following:

  • AREC2004 Benefit/Cost Economics
  • AREC3001 Production Modeling and Management
  • AREC3002 Agricultural Markets

(iv) one senior elective units of study (6 credit points) selected from the following:

  • AREC2004 Benefit/Cost Economics
  • AREC3001 Production Modeling and Management
  • AREC3002 Agricultural Markets
  • AREC3005 Agricultural Finance and Risk
  • ECOS3002 Development Economics
  • ECOS3005 Industrial Organization
  • ECOS3006 International Trade
  • ECMT2150 Intermediate Econometrics

* Where students are completing both an Economics and an Agricultural Economics major, an additional senior elective (at ECOS2000 or ECOS3000 level) should be completed for one of the majors, as both majors require the compulsory unit ECOS2001/ECOS2901. Both majors must include at least 36 senior credit points without counting a senior unit i.e. ECOS2001/ECOS2901 towards two separate majors.