Production economics
The student will be able to use the methods in order to understand and analyze the relation between new technology and production conditions in the primary and secondary stages of the food chain. The influence on the supply relationship in the agricultural sector as well as the expected effects on the surrounding environment is an integral part. Applications of methods such as simulation, (non)linear optimization may involve assessments of economic efficiency measures, economic effects of livestock diseases, risk management techniques through diversification and contracts at various stages of the food chain as well as the formation of partnership arrangements.
Information from the course leader
Welcome to the Swedish University of Agricultural Sciences
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Course evaluation
The course evaluation is now closed
FÖ0458-20022 - Course evaluation report
Once the evaluation is closed, the course coordinator and student representative have 1 month to draft their comments. The comments will be published in the evaluation report.
Additional course evaluations for FÖ0458
Academic year 2019/2020
Production economics (FÖ0458-20089)
2019-11-01 - 2020-01-19
Syllabus and other information
Syllabus
FÖ0458 Production economics, 15.0 Credits
ProduktionsekonomiSubjects
Economics Business Administration Business Administration EconomicsEducation cycle
Master’s levelModules
| Title | Credits | Code |
|---|---|---|
| Written exam | 10.0 | 0202 |
| Project assignment | 5.0 | 0203 |
Advanced study in the main field
Second cycle, has only first-cycle course/s as entry requirementsMaster’s level (A1N)
Grading scale
The grade requirements within the course grading system are set out in specific criteria. These criteria must be available by the course start at the latest.
Language
EnglishPrior knowledge
Knowledge equivalent to 180 credits, including 90 credits within business administration or economics. 15 credits microeconomics must also be included as well as 15 credits statistics or 5 credits mathematics and 5 credits statistics. Knowledge equivalent to English 6.Objectives
The course aims at providing students with theoretical knowledge and skills in production economics.
After successful completion of the course, students will be able to:
have the theoretical background and skills for the application of production and cost theory and methods of operation analysis,
account for the resilience concept and its implications related to farm economics,
apply EV and MOTAD modeling techniques and simulation to solve problems in a planning environment characterized by risk and uncertainty,
use the models discussed in the course in order to understand and analyze the relation between new technology and production conditions in the primary and secondary stages of the food marketing chain and their influence on the supply relationship in the farming industry as well as the expected effects on the surrounding environment.
Content
The course is implemented with lectures, exercises and a mandatory, group based project assignment.
In this course, linear and non-linear models are applied in a static deterministic and stochastic planning environment. Case studies include examples of new innovative technologies, changing environmental regulations, policy interventions in agriculture, veterinary and animal science economic aspects and altered patterns in the processing industry.
The course includes the following topics:
Advanced production and cost theory and its relationship to micro-theory
Capital budgeting techniques and their relation to micro economic theory
The resilience concept and its implications for farm economic analyses
Non-linear and linear optimization methods in consideration of theoretical foundations
Decision-making with risk; EV-analyses, MOTAD-analyses, simulation
Case studies as project assignments
Welfare economic implications at the sector level
Grading form
The grade requirements within the course grading system are set out in specific criteria. These criteria must be available by the course start at the latest.Formats and requirements for examination
Passed exam.
Passed project assignment.
Participation in compulsory components (presentation of project work).
- If a student has failed an examination, the examiner has the right to issue supplementary assignments. This applies if it is possible and there are grounds to do so.
- The examiner can provide an adapted assessment to students entitled to study support for students with disabilities following a decision by the university. Examiners may also issue an adapted examination or provide an alternative way for the students to take the exam.
- If this syllabus is withdrawn, SLU may introduce transitional provisions for examining students admitted based on this syllabus and who have not yet passed the course.
- For the examination of a degree project (independent project), the examiner may also allow the student to add supplemental information after the deadline for submission. Read more in the Education Planning and Administration Handbook.
Transitional provisions
• Exams: At least three retake sessions (renewed exams) must be offered within two years of the decision to cancel the course. • Compulsory elements: At least one opportunity for a retake session must be offered within two years of the decision to cancel the course.Other information
The right to participate in teaching and/or supervision only applies for the course instance the student was admitted to and registered on.
If there are special reasons, students are entitled to participate in components with compulsory attendance when the course is given again. Read more in the Education Planning and Administration Handbook.
Additional information
The specific entry requirements can also be fulfilled through four years of completed studies at the Forest Science programme with specialization in business administration.Entry requirements can also be met by students who are admitted to the agricultural programme and have the knowledge equivalent to 180 credits at undergraduate level out of which at least 60 credits in business administration or economics, and have taken (and been approved) the FÖ0449 (Företagsbeslut & mikroekonomi) och FÖ0373 (Lantbruksekonomi och driftsplanering) or NA0179 (Econometrics and programming). Level of English equivalent to upper secondary school English.
Students admitted autumn 2015 or earlier: the requirement of FÖ0449 can be replaced by the course FÖ0395 and the requirement of NA0179 can be replaced by the course NA0161.
Responsible department
Department of Economics
Further information
Litterature list
- Agricultural Production Economics Författare: David Debertin ISBN: 978-1475244342 1) Coping with risk in agriculture Författare: Hardaker, J. B., Huirne, R. B. M., Anderson, J. R. and G. Lien ISBN: 978-0851998312 1) Sustainable Agricultural Development An Economic Perspective Författare: John M Antle, Srabashi Ray ISBN: 9783030345983 [Sustainable Agricultural Development An Economic Perspective] (https://www.bokus.com/bok/9783030345983/sustainable-agricultural-development/)1) The economic potential of agroecology: Empirical evidence from Europe. Författare: Van der Ploeg, J. D et al. [The economic potential of agroecology: Empirical evidence from Europe. ] (https://doi.org/10.1016/j.jrurstud.2019.09.003) Kommentar: Journal of Rural Studies