Agricultural Economics (Faculty of Agriculture and Environment) (Undergraduate)


This subject area if offered by the Faculty of Agriculture and Environment

Agriculture is a major sector of the world economy. As much as 30 per cent of the aggregate value of goods and services consumed globally is food. However, food is only part of agriculture, which also includes the production, processing, wholesaling, retailing and trading of food and fibre, the provision of inputs (e.g. land, water, chemicals, research), and the fundamental issues of environmental and resource management. Agricultural economists are applied economists with an underlying quantitative focus. They analyse markets and the impacts of government policies, forecast trends and developments, and devise and evaluate alternative strategies and policies. The global nature of the agricultural market creates important international opportunities for agricultural economists.

This is an optional second major for the Bachelor of Commerce and a Major II option for the Bachelor of Commerce (Liberal Studies). Students in other degrees (including combined) should refer to the their particular degree's resolutions and requirements for the ability to complete this major in their degree.

Requirements for the major

For the award of a major in Agricultural Economics, students complete:

(i) 12 credit points of junior units of study (two units), selected from the following:

  • AGEC1102 Agricultural and Resource Economics
  • AGEN1001 Shaping Our Landscapes
  • AGEN1002 Sustaining Our Landscapes.

(ii) four compulsory senior units of study (24 credit points), as follows:

  • AGEC2101 Market and Price Analysis
  • AGEC2103 Production Economics
  • AGEC3102 Agricultural and Resource Policy
  • AGEC3101 Agribusiness Management OR AGEC3103 Applied Optimisation

(iii) 12 credit points of elective senior 4000-level AGEC units of study selected from the elective Agricultural Economics senior units of study as specified in the Faculty of Agriculture and Environment Handbook.

Note: Senior units of study can only count towards the requirements for one major. Senior units cannot be "double counted" towards two majors.

For further details please refer to the Faculty of Agriculture and Environment Handbook.

Availability of this major for students in Business School degrees

This major is also available to students enrolled in the following degrees (subject to number of credit points from other faculties restrictions and other course requirements):