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DRPS : Course Catalogue : Royal (Dick) School of Veterinary Studies : BSc Hons (Royal (Dick) Sch of Veterinary Studies)

Undergraduate Course: Applications in Agricultural and Food Economics (VETS08011)

Course Outline
SchoolRoyal (Dick) School of Veterinary Studies CollegeCollege of Medicine and Veterinary Medicine
Credit level (Normal year taken)SCQF Level 8 (Year 2 Undergraduate) AvailabilityAvailable to all students
SCQF Credits20 ECTS Credits10
SummaryThis course will develop knowledge of economic theory using applied examples from agriculture and food. It will build on the basic principles developed in year 1 and will present topic and research based material, including data sets, for analysis and discussion to promote knowledge of frameworks used within economic analysis.
Course description The aim of the course is to develop intermediate knowledge of agricultural economic methods applied to topical problems. It will extend student understanding of quantitative frameworks and approaches used within economics to understand how resources are allocated within agri-food supply chains.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Information for Visiting Students
High Demand Course? Yes
Course Delivery Information
Academic year 2020/21, Available to all students (SV1) Quota:  30
Course Start Semester 2
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 5, Supervised Practical/Workshop/Studio Hours 10, Formative Assessment Hours 5, Summative Assessment Hours 10, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 146 )
Assessment (Further Info) Written Exam 40 %, Coursework 60 %, Practical Exam 0 %
Additional Information (Assessment) Students will have individual exercises which will be completed within the computer lab sessions demonstrating statistical and measurement approaches. (20%)

Student coursework will consist of 300 word abstract summary of a policy intervention and its effects within the agri-food sector (40%)

A computer quiz will be completed on a regular basis to provide feedback to students These will act as formative feedback for the final computer quiz project (40%)
Feedback Feedback will be supplied within 15 days of the submission deadline
No Exam Information
Learning Outcomes
On completion of this course, the student will be able to:
  1. Discriminate between types of market failure in imperfect competition.
  2. Illustrate, in economic terms, the problems of supply and demand.
  3. Apply numerical approaches to illustrate agri-food systems.
Reading List
Essential Texts:

Barkley, A. (2016) The Economics of Food and Agricultural Markets. Manhatten, Kas., Prarie Press

Krugman, P et al (2012) International Economics: Theory & Policy. London, Pearson.

Kolstad, C (2011) Environmental Economics. Oxford, Oxford University Press.

Mazzocchi, M (2009) Fat Economics: Nutrition, Health and Economic Policy. Oxford, Oxford University Press.

For a complete reading list, please see the Resourse List on the Learn page for this course.
Additional Information
Graduate Attributes and Skills Outlook and engagement, through the discussion and raised awareness of globally relevant challenges and feasibility of solutions applied to a range of regionally defined systems.

Personal effectiveness, through the development of computer skills and efficient searching for the appropriate data needed to tackle a problem related to agri-food supply chains.

Communication, through summarising policy interventions for a non-technical audience to enable understanding of economic problems.
KeywordsNot entered
Course organiserDr Luiza Toma
Course secretaryMr Gordon Littlejohn
Tel: (0131 6)51 7454
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