Agricultural production is typically risky, adding complexity to decision analysis and increasing need of risk consideration in agricultural policy design. This unit explores this theme, and has two related components: risk and risk management in agriculture, and issues of agricultural producer finance. These two components cover a broad range of topics that incorporate production risk and other sources of risk in agriculture.
1x2hr lecture/week, 1x1hr tutorial/week
1x1hr Mid-semester test (20%), 1x1500wd Written assignment (25%), 1x2hr Final exam (55%)
AREC2005 or AREC2001 or AGEC2103 or AREC2002 or AGEC2101 or ECOS2001 or ECOS2901