XII. Course Descriptions
Food, Agriculture and Resource Economics
Department of Food, Agricultural and Resource Economics
| FARE*1100 Introduction to Business W (3-0) [0.50] |
| 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): |
AGEC*1100, BADM*1000
|
| Restriction(s): |
Registration in BBRM. |
| FARE*1300 Poverty, Food & Hunger W (3-0) [0.50] |
| 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.
|
| Equate(s): |
AGEC*1300 |
| FARE*2050 Markets for Molecules W (3-0) [0.50] |
| This course explores markets and value chains for products and processes embodying new molecules and compounds. Economic,
social and regulatory dimensions are considered in the context of molecular innovation and commercialization. Attention focuses
on the role, importance and impact of consumers, entrepreneurs, government and international agencies in shaping these markets
and value chains.
|
| Prerequisite(s): |
5.00 credits |
| Equate(s): |
AGEC*2050 |
| FARE*2410 Agrifood Markets and Policy W (3-0) [0.50] |
| 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 |
| Co-requisite(s): |
ECON*2310 |
| Equate(s): |
AGEC*2410 |
| Restriction(s): |
AGR*2402 |
| FARE*3030 The Firm and Markets F (3-1) [0.50] |
| 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 |
| Equate(s): |
AGEC*3030 |
| FARE*3170 Cost-Benefit Analysis W (3-0) [0.50] |
| 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, FARE*2700, ECON*2100, ECON*2310 |
| Equate(s): |
AGEC*3170 |
| FARE*3250 Food, Nutrition & International Development F (3-0) [0.50] |
| 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, (1 of AGEC*1300, FARE*1300, ECON*1100)
|
| Equate(s): |
AGEC*3250 |
| FARE*3310 Operations Management F,W (3-0) [0.50] |
| 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): |
1 of ACCT*2220, AGEC*2220, BUS*2220 |
| Equate(s): |
AGEC*3310 |
| Restriction(s): |
Priority Access course. Enrolment may be restricted to particular programs or specializations. See department for more information. |
| FARE*3400 Agribusiness Financial Management F (3-0) [0.50] |
| 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): |
1 of ACCT*2230, AGEC*2230, BUS*2230 |
| Equate(s): |
AGEC*3400 |
| Restriction(s): |
Registration in B.Comm. AGBU, AGBU Co-op, B.Sc.(Agr.) AGEC or B.A. AGEC. |
| FARE*4220 Advanced Agribusiness Management W (2-3) [0.50] |
| This course is oriented toward practical application of theory and analytical principles to the identification, analysis and
solution of an agribusiness organization/management problems. Students work on a major agribusiness project as management
consultants with an owner/operator. The course builds upon students' prior training in accounting, finance, mathematical analysis,
computer applications, economics, agriculture and management.
|
| Prerequisite(s): |
1 of AGEC*2410, FARE*2410, AGEC*3320, AGR*2402, BUS*3320, ECON*2770 |
| Equate(s): |
AGEC*4220 |
| FARE*4290 Land Economics F (3-0) [0.50] |
| 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): |
1 of AGEC*2700, FARE*2700, ECON*2310 |
| Equate(s): |
AGEC*4290 |
| FARE*4310 Resource Economics W (3-0) [0.50] |
| 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, FARE*2700, ECON*2310, ECON*2100 |
| Equate(s): |
AGEC*4310 |
| FARE*4360 Marketing Research W (3-0) [0.50] |
| 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 |
| Equate(s): |
AGEC*4360 |
| FARE*4370 Food & Agri Marketing Management F (3-0) [0.50] |
| 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 ACCT*2230, AGEC*2230, BUS*2230, COST*2600, MCS*2600)
|
| Equate(s): |
AGEC*4370, MCS*4370 |
| Restriction(s): |
Priority Access course. Enrolment may be restricted to particular programs or specializations. See department for more information. |
| FARE*4500 Decision Science F (3-0) [0.50] |
| 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 |
| Equate(s): |
AGEC*4500 |
| FARE*4550 Independent Studies I S,F,W (3-0) [0.50] |
| 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, FARE*2410, FARE*2700,
|
| Equate(s): |
AGEC*4550 |
| Restriction(s): |
Permission of the instructor and Chair of the Department of Food, Agriculture and Resource Economics is required. |
| FARE*4560 Independent Studies II S,F,W (3-0) [0.50] |
| 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, FARE*2410, FARE*2700,
|
| Equate(s): |
AGEC*4560 |
| Restriction(s): |
Permission of the instructor and Chair of the Department of Food, Agriculture and Resource Economics is required. |
