First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Agricultural Sciences and Veterinary Medicine
Course unit
AGN1030018, 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
AG0058, Degree course structure A.Y. 2017/18, A.Y. 2017/18
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Number of ECTS credits allocated 8.0
Type of assessment Mark
Course unit English denomination PRINCIPLES OF AGRO-FOOD ECONOMICS
Department of reference Department of Agronomy, Food, Natural Resources, Animals and the Environment
E-Learning website
Mandatory attendance No
Language of instruction Italian
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

Teacher in charge VASCO LADISLAO BOATTO 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 of
Individual study
Practice 2.0 16 34.0 No turn
Lecture 6.0 48 102.0 No turn

Start of activities 26/02/2018
End of activities 01/06/2018

Examination board
Board From To Members of the board
7 Commissione a.a. 2017/18 01/12/2017 30/11/2018 BOATTO VASCO LADISLAO (Presidente)
GALLETTO LUIGI (Membro Effettivo)
6 Commissione a.a. 2016/17 01/12/2016 30/11/2017 BOATTO VASCO LADISLAO (Presidente)
GALLETTO LUIGI (Membro Effettivo)

Prerequisites: Basic knowledge of mathematics, statistics, and history.
Target skills and knowledge: The student will acquire a basic knowledge of the regulatory mechanisms of the economic system, with special emphasis on the behavior of public and private agencies within agricultural and agro-food linked sectors.
Examination methods: Oral examination.
Assessment criteria: 1. To have acquired general knowledge on the functions of the economic system and the economic behavior of its main players: consumers, firms and market.
2. To demonstrate how to use methods of analysis and behavior evaluation of economic players.
3. To know how to collect and organize data in order to discuss the main economic phenomena which specifically affect the wine industry.
Course unit contents: 1st credit. Introduction to microeconomics: what is economy; resource scarcity and economic approach to resource allocation; supply and demand laws; market balance; market failures and public intervention.
2nd credit. GDP and welfare measures; role of the primary sector: economic, social and environmental functions. Statistical data sources and basic statistical analysis.
3rd credit. Consumer theory: preferences and utility-maximizing decision making process of consumers; Demand function; Engel law; Income and substitution effects; market demand and direct, income and cross-price elasticity; Different approaches to consumer analysis.
Specific food and beverages demand case studies.
4th credit. Production and supply; profit maximization and cost minimization decision making processes; revenue, costs and profits; different types of costs; short run and long run supply functions. Specific food and beverages supply case studies.
5th credit. Perfect competition and alternative market structures such as monopoly, oligopoly and monopolistic competition. Case studies related to agribusiness.
6th credit. Pareto-efficiency, social welfare, market failures and public intervention. Agricultural and environmental EU policy case studies.
7th credit. Elements of the European Union’s wine policy.
8th credit. Elements of wine policy at both national and regional levels.
Planned learning activities and teaching methods: Lectures: 48 hours
Classroom Teaching Practice: 16 hours
Additional notes about suggested reading: The course material and the course booklet will be available at the following link:
Textbooks (and optional supplementary readings)
  • David Begg, Stanley Fischer, Rudiger Dornbusch, Economia. Milano: McGraw Hill, 2008. See the link: Cerca nel catalogo
  • K. A. Chrystal, R. G. Lipsay, Principi di Economia. Bologna: Ed. Zanichelli, 2006. See the link: