XII. Course Descriptions
Agricultural Economics
Department of Food, Agricultural and Resource Economics
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AGEC*1100 Introduction to Business F (3-0) [0.50]
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| This course provides an overview as well as a foundation in the fundamentals of business management. The basic functions of business and management to be examined include: operations, human resources, marketing, finance, and strategic management. Small Business and entrepreneurship are also studied, along with other forms of business ownership, competition within a global economy, and the political and economic realities of business in Canada today. Students will develop basic competencies in business management through assignments and case studies requiring the practice of learned theory. |
| Equate(s): |
BADM*1000 |
| Restriction(s): |
Registration in BBRM. |
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AGEC*1300 Poverty, Food & Hunger W (3-0) [0.50]
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| This course examines the nature of poverty, food security and hunger at both the local and global levels. In so doing, it explores the nature of international development more broadly and its relevance to students studying a wide range of disciplines. It aims to provide students with the basic concepts and analytical tools required to reflect critically on international development issues in the world today and the how global poverty, food insecurity and hunger might be alleviated. |
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AGEC*2110 Sales and Society F (3-2) [0.50]
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| The course is geared towards the global impact of trade on local sales environments. Students will learn the selling techniques and skills necessary to assess sales scenarios and react accordingly. Sales presentations will be covered extensively as well as buyer motivation and behaviour. Students will have ample opportunity to practice their sales skills through real-world cases and role-playing activities. |
| Restriction(s): |
Registered in B.B.R.M. |
| Location(s): |
Ridgetown |
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AGEC*2300 Organic Marketing F,W (3-0) [0.50]
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| Economic theory of markets principles are applied to the marketing of organically-produced and processed products, through exploring open market price formation, value added, marketing margins, alternative marketing outlets and branding. Adherence to organic production and marketing standards, quality management, supply chain management, and advertising and promotion issues are also addressed. (Offered in distance education format only.) |
| Prerequisite(s): |
MCS*1000 or ECON*1050
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| Location(s): |
Kemptville |
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AGEC*2410 Agrifood Markets and Policy W (3-0) [0.50]
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| Students will be provided with an introduction to agrifood markets, policies and institutions. Focus will be placed on: the role and function of futures markets; domestic agrifood policies; and agrifood trade policies, instruments and institutions. Economic analysis of contemporary issues in agrifood markets will be emphasized. |
| Prerequisite(s): |
AGR*2400
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| Co-requisite(s): |
ECON*2310
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| Restriction(s): |
AGR*2402
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AGEC*3030 The Firm and Markets F (3-1) [0.50]
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| A course in microeconomic theory applied to agricultural economics research. The theory of the firm is used to analyze production and resource use in agriculture. Resource allocation issues, risk responsive decision-making, and firm strategy on vertical and horizontal integration are studied. Consumer theory is used to analyze food purchase decision. How theoretical relationships are quantified and used in the analysis of public policy issues is emphasized. |
| Prerequisite(s): |
ECON*2310, ECON*2770, ECON*3740
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AGEC*3170 Cost-Benefit Analysis W (3-0) [0.50]
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| This course covers the principles and applications of cost-benefit analysis (CBA) in environmental and natural resource issues. This course will present basic concepts and principles, supplemented with case studies of projects applying CBA to illustrate the different issues arising from the use of the CBA technique. Quantitative exercises involving analysis of actual environmental and natural resource data will be used to illustrate the mechanics of established valuations methods such as contingent valuation, hedonic approach and travel cost approach. |
| Prerequisite(s): |
1 of AGEC*2700, ECON*2100, ECON*2310
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AGEC*3190 Markets, Firms & Natural Amenities F (3-0) [0.50]
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| This course deals with how firms use different types of markets related to natural resources and the environment as they respond to heightened regulatory stringency and increasing environmental compliance costs while attempting to maintain their competitive edge. This course covers the microeconomic theory of the firm while using case studies from the business area to illustrate how different markets work for natural resource and environmental commodities. The types of markets and examples of environmental practices that will be discussed include: direct markets for resource and environmental amenities and markets for pollution; and indirect markets such as final goods market, the capital market and the market for new technologies. |
| Prerequisite(s): |
1 of AGEC*2700, ECON*2100, ECON*2310
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AGEC*3250 Food, Nutrition & International Development F (3-0) [0.50]
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| This course aims to provide students with an economic perspective on issues in international development related to food and nutrition, exploring the ways in which economic analysis can enhance understanding of processes of international development in the contemporary world with a particular focus on food and nutrition. Students are encouraged to consider critically an economic approach to the analysis of development issues related to food and nutrition, alongside the perspectives of other social science disciplines. Throughout the course, food and nutrition as development issues are considered in the global context, especially related to trade. |
| Prerequisite(s): |
ECON*1050, (AGEC*1300 or ECON*1100) |
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AGEC*3310 Operations Management F,W (3-0) [0.50]
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| The decision-making role of the operations manager in transforming inputs into desired outputs is the primary focus of this course. The major issues and problems of designing, scheduling, operating, and controlling the production system will be examined. |
| Prerequisite(s): |
AGEC*2220 or BUS*2220
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| Restriction(s): |
Priority Access course. Enrolment may be restricted to particular programs or specializations. See department for more information. |
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AGEC*3400 Agribusiness Financial Management F (3-0) [0.50]
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| The course will focus on the application of principles and tools of finance to managerial problems in agribusiness, food and resource industries. The focus is on evaluating and controlling profitability, growth, risks, and liquidity in agribusiness firms. Key concepts covered in the course include, credit, leverage, capital budgets, and capital costs. These concepts are applied using financial analysis and developed in the context of farming and agribusiness. The course also examines how and from whom farmers and agribusinesses obtain loans. |
| Prerequisite(s): |
AGEC*2230 or BUS*2230
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| Restriction(s): |
Registration in B.Comm. AGBU, AGBU Co-op, B.Sc.(Agr.) AGEC or B.A. AGEC. |
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AGEC*4220 Advanced Farm Management W (2-3) [0.50]
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| A course oriented toward practical application of theory and analytical principles to the identification, analysis and solution of farm business organization/management problems. Students work on a major farm project as management consultants with a farm owner/operator. The course builds upon students' prior training in accounting, finance, mathematical analysis, computer applications, economics, agriculture and farm management. |
| Prerequisite(s): |
1 of AGEC*2410, AGEC*3320, AGR*2402, BUS*3320, ECON*2770, instructor's consent |
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AGEC*4290 Land Economics F (3-0) [0.50]
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| The economics of property rights is applied to issues in the allocation of land among agricultural, urban and other uses: contemporary trends, problems and policies in land planning, including expropriation and regulatory takings, soil erosion policy, farmland protection policy, endangered species policy and landfills and recycling. (Offered in even-numbered years.) |
| Prerequisite(s): |
AGEC*2700 or ECON*2310
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AGEC*4310 Resource Economics W (3-0) [0.50]
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| This course explores the role of property rights and related institutions in natural resource stewardship. Potential applications of this perspective to natural resource policy, both in Canada and internationally, are considered. Classes use a discussion based approach. The learning objective for the course is the development of critical thinking skills. The readings emphasize original sources. Students are expected to conduct original research on some aspect of the role of property rights and related institutions in the resolution of a current natural resource stewardship problem. |
| Prerequisite(s): |
1 of AGEC*2700, ECON*2310, ECON*2100, instructor consent |
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AGEC*4360 Marketing Research W (3-0) [0.50]
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| A study of the marketing research function in business with emphasis on its role in providing information to assist managers in making marketing decisions. |
| Prerequisite(s): |
0.50 credits in statistics |
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AGEC*4370 Food & Agri Marketing Management F (3-0) [0.50]
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| The course focuses on the decision making role of the marketing manager who is responsible for formulating the strategic marketing plan for food and agricultural businesses. The theory of selecting market target(s) for the firm's product and/or services and the development of the marketing mix (product, price, promotion, distribution) with the aid of market research is covered. Note: Students with credit for this course may not proceed to MCS*1000. |
| Prerequisite(s): |
10.00 credits including (1 of AGEC*2230, BUS*2230, COST*2600, MCS*2600) |
| Equate(s): |
MCS*4370
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| Restriction(s): |
Priority Access course. Enrolment may be restricted to particular programs or specializations. See department for more information. |
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AGEC*4500 Decision Science F (3-0) [0.50]
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| Quantitative techniques such as classical optimization, mathematical programming, simulation and input-output models are applied to firm, interregional, industry, and international problem situations in agricultural economics, including those dealing with resources and the environment. Time and risk and uncertainty dimensions are addressed. |
| Prerequisite(s): |
ECON*2770
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AGEC*4550 Independent Studies I S,F,W (3-0) [0.50]
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| A project based independent study course for majors in Agricultural Economics (of the Bachelor of Arts or Bachelor of Science in Agriculture degree programs), Agribusiness (of the Bachelor of Commerce degree program), and Environmental Economics and Policy (of the Bachelor of Science in Environmental Sciences degree program). |
| Prerequisite(s): |
10.00 credits including 1 of AGEC*2410, AGEC*2700, AGR*2401/2
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| Restriction(s): |
Permission of the instructor and Chair of the Department of Food, Agriculture and Resource Economics is required. |
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AGEC*4560 Independent Studies II S,F,W (3-0) [0.50]
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| An opportunity to conduct a second independent study project for majors in Agricultural Economics (of the Bachelor of Arts or Bachelor of Science in Agriculture degree programs), Agribusiness (of the Bachelor of Commerce degree program), and Environmental Economics and Policy (of the Bachelor of Science in Environmental Sciences degree program). |
| Prerequisite(s): |
10.00 credits including 1 of AGEC*2410, AGEC*2700, AGR*2401/2
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| Restriction(s): |
Permission of the instructor and Chair of the Department of Food, Agriculture and Resource Economics is required. |
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