Economic Analysis for Agricultural and Environmental Sciences
| Code | School | Level | Credits | Semesters |
| BIOS2007 | Biosciences | 2 | 10 | Autumn UK |
- Code
- BIOS2007
- School
- Biosciences
- Level
- 2
- Credits
- 10
- Semesters
- Autumn UK
Summary
The module theme is the application of economic ideas to problems of concern to Agricultural and Environmental Scientists. Supply and demand analysis is used to show how market prices are determined and the idea of an `efficient market' is introduced and contrasted with `market failure'. Topics of sustainable agriculture, farm animal welfare, biodiversity, air, water and soil are also explored within this context.
Target Students
Open to all Biosciences students.
Classes
- One 1-hour tutorial each week for 5 weeks
- One 2-hour practicum each week for 2 weeks
- One 2-hour lecture each week for 8 weeks
- One 4-hour field studies
2 hrs per week, to include formal lectures (8 x 2h,); class tutorials (5 x 1h); computer aided learning (2 x 2h), Farm visit (1x4h) Activities may take place every teaching week of the Semester or only in specified weeks. It is usually specified above if an activity only takes place in some weeks of a Semester
Assessment
- 100% Coursework 1: Essay 1500
Assessed by end of autumn semester
Educational Aims
The module aims to equip students with an understanding of economic ideas and principles and to show how these can be used to explain a range of economic problems of interest.Learning Outcomes
On successful completion of the module, students will be able to:
Explain the concepts of demand, supply and market efficiency within an agricultural context ;
Identify why and where markets may fail, with particular reference to agricultural pollution;
Recognise and appraise arguments for government intervention in agriculture.