First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Agricultural Sciences and Veterinary Medicine
AGRICULTURAL SCIENCE AND TECHNOLOGY
Course unit
PRINCIPLES OF AGRICULTURAL, FOREST AND ENVIRONMENTAL ECONOMICS
AG04122575, A.A. 2017/18

Information concerning the students who enrolled in A.Y. 2017/18

Information on the course unit
Degree course First cycle degree in
AGRICULTURAL SCIENCE AND TECHNOLOGY (Ord. 2017)
AG0056, Degree course structure A.Y. 2017/18, A.Y. 2017/18
N0
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Number of ECTS credits allocated 8.0
Type of assessment Mark
Course unit English denomination PRINCIPLES OF AGRICULTURAL, FOREST AND ENVIRONMENTAL ECONOMICS
Website of the academic structure http://www.agrariamedicinaveterinaria.unipd.it
Department of reference Department of Agronomy, Food, Natural Resources, Animals and the Environment
E-Learning website https://elearning.unipd.it/scuolaamv/course/view.php?idnumber=2017-AG0056-000ZZ-2017-AG04122575-N0
Mandatory attendance No
Language of instruction Italian
Branch LEGNARO (PD)
Single Course unit The Course unit can be attended under the option Single Course unit attendance
Optional Course unit The Course unit can be chosen as Optional Course unit

Lecturers
Teacher in charge DANIEL VECCHIATO AGR/01

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Core courses AGR/01 Rural economy and evaluation 8.0

Course unit organization
Period Second semester
Year 1st Year
Teaching method frontal

Type of hours Credits Teaching
hours
Hours of
Individual study
Shifts
Practice 3.0 24 51.0 No turn
Lecture 5.0 40 85.0 No turn

Calendar
Start of activities 26/02/2018
End of activities 01/06/2018
Show course schedule 2019/20 Reg.2017 course timetable

Examination board
Board From To Members of the board
11 Commissione a.a. 2018/19 01/12/2018 30/11/2019 VECCHIATO DANIEL (Presidente)
TEMPESTA TIZIANO (Membro Effettivo)
PISANI ELENA (Supplente)
SECCO LAURA (Supplente)
10 Commissione a.a. 2017/18 01/12/2017 30/11/2018 VECCHIATO DANIEL (Presidente)
TEMPESTA TIZIANO (Membro Effettivo)
PISANI ELENA (Supplente)
SECCO LAURA (Supplente)
9 Commissione a.a. 2016/17: dal 27/02/2017 27/02/2017 30/11/2017 VECCHIATO DANIEL (Presidente)
TEMPESTA TIZIANO (Membro Effettivo)
PISANI ELENA (Supplente)
SECCO LAURA (Supplente)

Syllabus
Prerequisites: None
Target skills and knowledge: The course aims to give students basic knowledge of economics to develop skills to analyze the behavior of economic systems, economic subjects and the market.
The course provides knowledge of the market economy, macroeconomics and microeconomics. The study of the market economy gives elements to understand the the market economy but also the market failures. The macroeconomic analysis aims to explain the main economic phenomena such as the measurement of wealth, money systems, the central bank and the bank system, inflation and government expenditure. The microeconomic analysis aims to evaluate the behavior of consumers, producers and the market with the intent to understand the mechanisms that regulate the choices of the main economic operators with specific reference to the problems of food products.
The lectures are accomplished by exercises and the presentation of case studies of the agro-food and environmental sectors.
Examination methods: Written examination (with optional oral examination). The exam will consist of open question, multiple choice questions and numeric exercises.
Assessment criteria: Ability to recognize the market economic features and failures.
Ability to recognize main macroeconomic phenomena, the money system, the bank system, the inflation and public expenditure.
Ability to evaluate the factors affecting consumption.
Ability to measure consumer welfare.
Ability to forecast trends in food consumption
Ability to evaluate the production of agri-food firms.
Ability to evaluate the profitability of firms in the market.
Ability to recognize markets and market equilibria.
Course unit contents: 1st ECTS: Introduction. Economy: brief history, definitions, contexts, purposes. Scarcity and efficiency. The rationality of choices. Micro and macroeconomics. Positive and normative economics. Market economies. The scientific method in economics. Economic systems. Market failures. Public goods, private goods, club goods, commons and externalities. Adverse selection and moral hazard. Exercise on adverse selection in food markets.
2nd ECTS. The consumer behavior. Total and marginal utility, indifference curves, budget constraint and consumer equilibrium. Income and substitution effect. The consumer surplus. Exercise on consumer equilibrium.
3rd ECTS. The consumer demand and its elasticity. The demand law. Factors affecting demand. Engel's law and food consumption. Discrete and point elasticity. The price elasticity. Elasticity and revenue. The King effect. Exercise on elasticity revenue and income.
4th ECTS. The production theory. The production function. The technological progress. Law of diminishing marginal returns. The stages of production. Exercises on the production function.
5th ECTS. Analysis of short term production costs. Short and long term costs. Optimal production level. Entry and shut down price. The supply curve. Exercise on costs, profit, entry and shut down price.
6th ECTS. The market. Perfect and imperfect markets. Perfect competition markets and contestable markets. The monopoly and the behavior of the monopolist. Oligopoly and game theory. The market of monopolistic competition. Exercise on fixing the market equilibrium.
7th ECTS: Introduction to macroeconomics. GDP and measurement of well-being. Money and monetary systems. The central bank and the bank system.
8rd ECTS. Introduction to macroeconomics. Interest rates. Elements of public and private finance. Inflation. Employment and international trade. The public administration, the tax burden and public debt.
Planned learning activities and teaching methods: - classroom lectures
- tutorials and seminars in classroom
Additional notes about suggested reading: Teaching material updated and made available on the Moodle platform

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Suggested books:
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O'sullivan A.; Sheffrin S.M.; Perez S.J.; Bianchi C., 2015, "Elementi di economia. Principi, strumenti, applicazioni", Pearson Education Italia, ISBN: 8865183683

Mankiw G.N., Taylor M.P., 2016, "L’essenziale di Economia", 6ed., Zanichelli

David Begg, Gianluigi Vernasca, Stanley Fischer e Rudiger Dornbusch, "Microeconomia", McGrawHill, 2011 (4a edizione).
Textbooks (and optional supplementary readings)
  • O'Sullivan, Arthur; Sheffrin, Steven M.; Perez, Stephen J.; Bianchi, Carluccio, Elementi di economia. Principi, strumenti e applicazioni.. --: Pearson Education Italia, 2015. ISBN-10: 8865183683
  • Mankiw, N. Gregory; Taylor, Mark P., L'essenziale di economiaN. Gregory Mankiw, Mark P. Taylor. Bologna: Zanichelli, 2016. 6a Edizione
  • Begg, David; Vernasca, Gianluigi; Fischer, Stanley; Dornbusch, Rudiger, Microeconomia. Milano: McGraw-Hill, 2011. 4a Edizione
  • Martinelli, Isidoro, Esercizi svolti per la prova scritta di microeconomia. Napoli: Simone, 2008. Cerca nel catalogo