ECONOMICS OF AGRO-FOOD MARKETS

Single discipline educational activity

Course Sheet

Course code:

000448L

Academic Year of enrolment:

2020

Year of supply:

2022/2023

Type of Course:

Related/Supplementary

Degree:

Course of 1st Cycle Degree in ECONOMICS AND COMMERCE

Disciplinary Sector:

Rural economy and evaluation

Language:

Italian

Location:

PESCARA

Credits:

Programme Year:

Cycle:

Second semester

Hours of classroom activity:

Individual study hours:

102

Prerequisites:

Basic concepts of microeeconomics

Borrowed from

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AGRICULTURAL ECONOMICS

BUSINESS ADMINISTRATION

Objectives

At the end of the course students are expected
1. To demonstrate a basic knowledge of the principles of economics and their application to agricultural problems.
2.To demonstrate a basic knowledge of the role of agriculture in Italy, the EU and world economies as well as the contribute of agriculture in realizing the Sustainable development goals.
3. To demostrate a basic understanding of the objectives, principles and impacts of agricultral policy measures.
4. To be able to discuss the evolution of the objectives and measures of the Common Agricultural Policy.

Contents

The role of agriculture in Italy, the EU and world economies.
A survey of the world food situation.
Consumption and demand of agri-food products.
Production and supply of agri-food products.
Market price determination; competitive versus noncompetitive market models.
International trade of agri-food commodities.
Agricultural problems and farm policies.
The Common Agricultural Policy
Rural development policy
The future of food and agriculture

Extended Syllabus

The role of agriculture in the economy.
The polarisation of agrarian structures
The role of agriculture in the global economy
World food situation and trends
The contribute of agriculture to the SDGs

Demand of food and agricultural products
Producer theory in agricultural economics.
Price formation and the performance of agro-food systems
Marketing margins and food price instability

Trade in Agri-food Products.
Brief Overview of Trade Theory.
The Effects of Government Intervention in International Agricultural Markets.
Current issues in International Agricultural Trade

Agricultural Problems and Policy Analysis
The farm income problem
The Common Agricultural Policy
Promoting rural development

Agriculture and the natural environment.
Externalities and public goods in agriculture

The future of food and agriculture

Recommended Bibliography

F. MESSORI E F. FERRETTI (2010) Economia del mercato agroalimentare. Edagricole. Capitoli dall'1 -8.
VALERIA SODANO, MARIA SASSI, ANDREA MARCHINI (2010) Economia agroalimentare: mercati e politiche, McGrawHill cap. 7 (esclusi 7.4 e approfondimenti) e 8 (escluso approfondimento)
INEA (2014) La nuova PAC 2014-2020: una guida pratica per una visione di insieme. http://dspace.inea.it/handle/inea/827 (senza il glossario).
Teaching material in english will be made available on demand.
Lesson Notes, Slides and other teaching materials will be distributed to students in class.

Methods of Provision

Conventional

Teaching Methods

The course is structured in 72 hours of teaching activity organized in lectures and presentation and discussion of case studies.

Evaluation methods

Verification of learning:

Learning outcomes will be assessed in oral examination.

The examiners will question the candidate on the topics presented during the course for about 15 minutes.

The goals for this course are for students to understand and display knowledge of the following: ‐Producer/Consumer Theory
‐Agricultural Markets
‐Ag trade
- Ag policy

policyAt the end of the course, students will be able to:1. 2. .3. discuss the impact of regional, national, and global agribusiness policy

The successful student will be able to
- apply market analysis (supply and demand) to various commodity market scenarios
- explain Ag production and consumption by using economic theory for support
-) analyze and evaluate how farm policy measures affect supply, demand, and equilibrium pricing in agri-food markets.

Contacts/More Information

Contact by e-mail: salvioni@unich.it
In the second semester office hours will be set according to the class schedule and announced at the beginning of the course.

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

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