THE UNIVERSITY of EDINBURGH

DEGREE REGULATIONS & PROGRAMMES OF STUDY 2021/2022

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

Undergraduate Course: Advanced Agricultural Economic Modelling Tools (VETS10040)

Course Outline
SchoolRoyal (Dick) School of Veterinary Studies CollegeCollege of Medicine and Veterinary Medicine
Credit level (Normal year taken)SCQF Level 10 (Year 4 Undergraduate) AvailabilityAvailable to all students
SCQF Credits20 ECTS Credits10
SummaryThe purpose of this course is to introduce the student to advanced modelling techniques applied within agricultural economics, ranging from methods for representing producer and consumer economic decisions to models that consider the interaction of supply and demand along a commodity supply chain.
Course description This course is to introduce the student to advanced modelling techniques for agricultural economics. The student will learn how to model economic decisions and also market outcomes, such as prices and quantities, to enable a better understanding of how agricultural and food systems operate.

The topics are sequential and the student will be able to build at the end of the course a partial equilibrium model of a market or interrelated markets. In addition, the different models will be used for analysing topics in policy analysis. This course will be delivered by a series of lectures, tutorials, computer laboratory exercises.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Information for Visiting Students
Pre-requisitesNone
High Demand Course? Yes
Course Delivery Information
Not being delivered
Learning Outcomes
On completion of this course, the student will be able to:
  1. Evaluation of different methods applied to model the supply of a commodity and the demand for factors of production;
  2. Estimation and calibration of parameters of demand models aimed to be used for policy analysis;
  3. Construction of partial equilibrium models that consider either one market or several (multimarket models) and their use for policy analysis;
  4. Understanding of supply and demand components of a commodity market.
Reading List
None
Additional Information
Graduate Attributes and Skills Enquiry and lifelong learning through awareness and ability to understand and assess the appropriateness of particular modelling approaches for applications within agriculture and food.
Aspiration and personal development, by offering applied quantitative skills for understanding problems within agricultural development.
KeywordsNot entered
Contacts
Course organiserDr Cesar Revoredo-Giha
Tel:
Email: Cesar.Revoredo@sruc.ac.uk
Course secretaryMr Gordon Littlejohn
Tel: (0131 6)51 7454
Email: Gordon.Littlejohn@ed.ac.uk
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