Business, Economics and Land Use

Wedi cwblhau'r modiwl dylai'r myfyrwyr fedru:

1. 1. Identify the factors that influence land use patterns;
2. 2. Describe the legal status of land and the controls placed on land use;
3. 3. Demonstrate retained knowledge and apply basic principles of economics to rural issues and the framework of rural policy in the United Kingdom OR Western Europe
4. 4. Explain linkages between the overall economy and prospects for agriculture and other rural industries;
5. 5. Identify the components of an accounting environment;
6. 6. Construct detailed business budget that assimilates macro and microeconomic factors with the physical and financial attributes of a farming system.

This module is designed to provide students with an understanding of the primary resources required to operate a rural business and to provide an understanding of the business and economic environment in which those resources operate. Students will identify current land use patterns in the UK and examine physical, legal, historic and economic factors that influence land use. This module will also consider the economic principles that underlie government intervention in agricultural, rural and regional policy. The development of an understanding of the fundamental economic relationships will enable opportunities and problems for rural areas to be discussed and appropriate policy responses to be identified. This module will also provide students with business management skills. It is essential that prospective managers of small businesses are able to construct a series of financial statements based on historical data that will give a measure of financial performance.

The accounting environment;
The use of primary and secondary financial statements to measure business and enterprise success;
Constructing a set of financial statements;
The requirements when budgeting for businesses and identifying the different techniques and resources available for budgeting;
Nature and methods of economics and its application to agriculture and other rural sectors;
The demand for food and characteristics of consumer behaviour, including price and income elasticity of demand for food;
Introduction to the major macroeconomic variables; economic growth, employment, inflation, balance of payments and linkages between the macro economy and the rural industries;
International agricultural trade; Economics of the CAP and its reform;
Land use patterns in the UK and Europe;
Forms of land occupation and transfer;
Land use controls.

Mae'r modiwl hwn yn cydymffurfio a FfCChC Lefel 4