Economic Environment of Agriculture (AGEC1006)


This unit of study is designed to give an understanding of some basic economic principles and to introduce the characteristics of the economic environment in which Australian agriculture operates. Topics to be covered include the structure, nature and history of the agricultural industries in Australia; agricultural adjustment in the world economy; introductory principles of production economics and farm management; elementary price theory and the factors affecting the demand, supply and prices of agricultural commodities.

Our courses that offer this unit of study

Further unit of study information


2x1hr lectures/week, 1x1hr tutorial/week


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.