|Delivery Type||Delivery length / details|
|Lecture||1 x 1 hour lecture per week|
|Lecture||1 x 2 hour lecture per week|
|Practical||2 x 3 hour workshops during semester|
|Assessment Type||Assessment length / details||Proportion|
|Semester Assessment||3 x Exercise Sheets Outcomes assessed: 1, 2, 3, 4, 5, 6, 7||30%|
|Semester Exam||2 Hours Outcomes assessed: 1, 2, 3, 4, 5, 6, 7, 8||70%|
|Supplementary Exam||2 Hours Outcomes assessed: All||100%|
On completion of this module, students should be able to:
1. Describe and apply basic principles of economics to rural issues.
2. Relate economic behaviour at the household and rural firm level to aggregate changes in the countryside.
3. Discuss the principles of business accounts and appraisal.
4. Explain linkages between the overall economy and prospects for agriculture and other rural industries.
5. Evaluate the arguments for and against agricultural trade liberalisation.
6. describe the framework of rural policy in the United Kingdom and Western Europe;
7. describe government policies relating to agriculture, conservation and the rural economy, at present and in the recent past;
8. assess the effectiveness of interventions by governments and their agencies in achieving their objective and targets.
- Nature and methods of economcis and its application to agriculture, countryside management, conservation and recreation;
- the demand for food and characteristics of consumer behaviour, including price and income elasticity of demand for food; conservation and public goods in the rural environment; demand for rural amenities;
- Externalities and environmental policies;
- discuss the principles of business accounts and appraisal;
- introduction to the major macroeconomic variables; economic growth, employment, inflation, Balance of Payments;
- linkages between the macro economy and the rural industries;
- the theory of comparative advantage and the balance of agricultural trade;
- economics of the CAP and its reform;
- agricultural trade liberalisation and the environment.
|Skills Type||Skills details|
|Application of Number||Some economic principles require numerical approaches, and both the exercise sheets and the short-answer examination questions will require evidence of the development of these skills. Exercise sheets are to be assessed.|
|Communication||Students will be required to write using appropriate economic terms and to communicate their understanding of economic concepts as they apply to rural issues. This will be assessed through the examination.|
|Problem solving||Exercise sheets will set students particular problems that will require the application of economic principles and basic economic tools in order to solve them. Exercise sheets are to be assessed.|
Reading ListGeneral Text
Begg D, Fischer S and Dornbusch R (2005) Economics Prentice Hall Primo search Brassley P (1997) Agricultural economics and the CAP: an introduction Blackwell Science Primo search Hill B (1990) An introduction to economics for students of agriculture 2nd Pergamon Primo search Hill B E and Ingersent K A (1982) An economic analysis of agriculture 2nd Heinemann Educational Books Primo search Hodge I (1995) Environmental economics Macmillan Press, London Primo search Penson J B, Capps O and Parr C P (2001) Introduction to agricultural economics Prentice Hall Primo search Ritson, C (1987) Agricultural economics: principles and policy Blackwell Primo search Sloman J (2002) Economics 4th FT Prentice Hall Primo search Sloman J and Sutcliffe M (2002) Economics workbook 4th FT Prentice Hall Primo search Strak J (1989) Rural pluriactivity in the UK NEDC Primo search Tracy M (1993) Food and agriculture in a market economy Belgium: Agricultural Policy Studies Primo search Tracy M (1989) Government and agriculture in western Europe 1880 - 1988 3rd Harvester Wheatsheaf Primo search
This module is at CQFW Level 4