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Unit of study_

AREC3005: Agricultural Finance and Risk

2024 unit information

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.

Unit details and rules

Managing faculty or University school:

Economics

Code AREC3005
Academic unit Economics
Credit points 6
Prerequisites:
? 
AREC2005 or AREC2001 or AREC2002 or ECOS2001 or ECOS2901 or ECOS2040
Corequisites:
? 
None
Prohibitions:
? 
None
Assumed knowledge:
? 
None

At the completion of this unit, you should be able to:

  • LO1. demonstrate a sound understanding of theoretical knowledge of decision making under risk and uncertainty in agriculture
  • LO2. demonstrate a sound understanding of the methods and tools for dealing with risk and uncertainty that are available to agricultural producers
  • LO3. demonstrate a sound understanding of different representations of risk and uncertainty
  • LO4. demonstrate an ability to use data to calculate different measures of risk and uncertainty
  • LO5. demonstrate an ability to clearly communicate results and implications of applied economic analysis.

Unit availability

This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.

The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.

Session MoA ?  Location Outline ? 
Semester 2 2024
Normal day Camperdown/Darlington, Sydney
Outline unavailable
Session MoA ?  Location Outline ? 
Semester 1 2020
Normal day Camperdown/Darlington, Sydney
Semester 1 2021
Normal day Camperdown/Darlington, Sydney
Semester 1 2021
Normal day Remote
Semester 1 2022
Normal day Camperdown/Darlington, Sydney
Semester 1 2022
Normal day Remote
Semester 1 2023
Normal day Camperdown/Darlington, Sydney
Semester 1 2023
Normal day Remote

Modes of attendance (MoA)

This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.