Undergraduate Course: Advanced Agricultural Economic Modelling Tools (VETS10040)
Course Outline
| School | Royal (Dick) School of Veterinary Studies |
College | College of Medicine and Veterinary Medicine |
| Credit level (Normal year taken) | SCQF Level 10 (Year 4 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | The 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.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Information for Visiting Students
| Pre-requisites | None |
| High Demand Course? |
Yes |
Course Delivery Information
| Not being delivered |
Learning Outcomes
On completion of this course, the student will be able to:
- Evaluation of different methods applied to model the supply of a commodity and the demand for factors of production;
- Estimation and calibration of parameters of demand models aimed to be used for policy analysis;
- Construction of partial equilibrium models that consider either one market or several (multimarket models) and their use for policy analysis;
- Understanding of supply and demand components of a commodity market.
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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.
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| Keywords | Not entered |
Contacts
| Course organiser | Dr Cesar Revoredo-Giha
Tel:
Email: Cesar.Revoredo@sruc.ac.uk |
Course secretary | Mr Gordon Littlejohn
Tel: (0131 6)51 7454
Email: Gordon.Littlejohn@ed.ac.uk |
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