Economic Environment of Agriculture (AGEC1006)


To give students an overview of the structure, viability and importance of the agricultural sector in the Australian economy. It is a core unit of study in the BScAgr, BHortSc and BAnVetBioSc degrees. It is designed to give an understanding of the basic economic principles and how they relate to Australian agriculture. Students will look at basic economic theory and concepts and then apply these concepts to solve simplified versions of real problems faced by the agriculture and resource sectors. Students will look at the relationship between these concepts and the concepts learnt within their science related courses. Students will be able to analyse economic concepts and apply these concepts to real world scenarios. They will be able to synthesis and comprehend the relationship between the economic and science disciplines. The students will gain skills through workshop based tasks, information literacy and communication skills through the presentation of the workshop reports and discussion throughout the workshop.

Further unit of study information


2x1-hr lectures/week, 1x1-hr tutorial/week commencing week 2


1x2hr exam (55%) and 1x50 min mid-semester exam (25%) and workshop papers (20%)


HE Drummond and JW Goodwin, Agricultural Economics, 3rd edn (Prentice-Hall, 2011)

Faculty/department permission required?


Unit of study rules

Prerequisites and assumed knowledge

HSC Mathematics


AGEC1003 or AGEC1004

Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.