Animal Health Economics (VETS7009)


After completing Animal Health Economics, participants will be able to: Discuss the importance of animal diseases in efficiency of animal production, consumers' perceptions of animals and animal products, and global trade; Analyse economic problems using basic methods such as partial budgeting, cost-benefit analysis and decision analysis; Detail the critical steps in systems analysis and choose appropriate modelling types and techniques; Describe the uses of linear and dynamic programming, and Markov chain and Monte Carlo simulations; Discuss the basic principles of risk analysis; Explain the basic steps in the decision-making process and the role of risk analysis in this process; Explain the role of decision support systems in animal health management and demonstrate their profitability; Build and interpret spreadsheet models for economic analyses in MS EXCEL; Discuss the importance of Animal Health Economics in decision making, implementation and evaluation of animal health programs, and policy development and implementation processes.

Further unit of study information


Online Semester 2 Weeks 8-14


Student participation in weekly online discussions and other learning activities in the online classroom (15%); online quizzes (45%); report, done in pairs (40%).


J. Rushton The Economics of Animal Health and Production. CAB International, Oxford, 2009.

Faculty/department permission required?


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.