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This unit provides a conceptual and analytical understanding of how prices are formed and how markets operate. While the primary focus is on food and agricultural markets, the discussion extends to related sectors such as energy and renewable resources. The unit examines market integration and price relationships along supply chains, as well as across time and space. It also considers the role of risk and uncertainty in shaping market outcomes and introduces futures markets as key risk-management instruments. Building on microeconomic theory, the unit emphasises the use of empirical tools to analyse real-world market dynamics.
| Study level | Undergraduate |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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(ECOS2001 or ECOS2901) and ECOS2050 |
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Corequisites:
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None |
| Prohibitions:
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AREC3002 |
| Assumed knowledge:
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None |
The learning outcomes for this unit will be available two weeks before the first day of teaching.
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 ? |
|---|---|---|---|
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Semester 1 2027
|
Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
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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.
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