Agricultural Finance and Risk
AGEC5406
"This unit has two related components. One component concerns risk and risk management in agriculture; the other deals with issues of agricultural producer finance. Risk topics include: risk measurement, subjective probability, adjusting beliefs as a result of new information; risk attitudes; decision making under risk; expected utility theory; valuing information; generalizations of expected utility theory; E-V analysis; stochastic dominance; internal measures to cope with risk including diversification and flexibility; insurance, futures, options and other market instruments for managing risk. Finance topics include the implications of capital market imperfections and consequential differences between corporate and small business finance; financial relationships between debt/equity levels and risk, optimal debt levels; cost of capital; short term working capital management; and longer term capital (investment) budgeting. Techniques of valuation of projects in risk-free and risk situations are examined.The unit includes material dealt with at the advanced undergraduate level. Additional workshops, seminars, tutorials, assignments and/or assessment are provided as appropriate to the postgraduate program."
Unit of study details
Unit of study level: Postgraduate
Credit points: 6
Commencing semesters: 2
Further unit of study information
Unit of study handbook: AGEC5406
Costs and scholarships information: Costs and Scholarships
Final dates to withdraw from units of study: Census Dates
Available for study abroad and exchange: No