First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Agricultural Sciences and Veterinary Medicine
SAFETY AND HYGIENE OF FOOD PRODUCTS
Course unit
PRINCIPLES OF AGRICULTURAL AND FOOD ECONOMICS
MVN1027953, A.A. 2019/20

Information concerning the students who enrolled in A.Y. 2018/19

Information on the course unit
Degree course First cycle degree in
SAFETY AND HYGIENE OF FOOD PRODUCTS
MV1734, Degree course structure A.Y. 2011/12, A.Y. 2019/20
N0
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Number of ECTS credits allocated 6.0
Type of assessment Mark
Course unit English denomination PRINCIPLES OF AGRICULTURAL AND FOOD ECONOMICS
Website of the academic structure http://www.agrariamedicinaveterinaria.unipd.it/
Department of reference Department of Comparative Biomedicine and Food Science
E-Learning website https://elearning.unipd.it/scuolaamv/
Mandatory attendance No
Language of instruction Italian
Branch VICENZA
Single Course unit The Course unit CANNOT 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 CRISTIANO FRANCESCHINIS AGR/06

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Core courses AGR/01 Rural economy and evaluation 6.0

Course unit organization
Period First semester
Year 2nd Year
Teaching method frontal

Type of hours Credits Teaching
hours
Hours of
Individual study
Shifts
Lecture 6.0 48 102.0 No turn

Calendar
Start of activities 30/09/2019
End of activities 18/01/2020
Show course schedule 2019/20 Reg.2011 course timetable

Syllabus
Prerequisites: Students are requested to pass the exam of STATISTICS, MATHEMATICAL ANALYSIS AND PHYSICS before attending the course.
Target skills and knowledge: The course provides a general introduction to economics as the science for the analysis and evaluation of the decisions involving economic agents. Consumer's and producer's behaviours, market organisation, its structure and rules will be discussed, with particular attention to agro-food sector.
Examination methods: Written exam with open-ended questions
Assessment criteria: The student will be evaluated on the basis of the acquired knowledge in relation to his/her ability to present the notions learned during the course.
Course unit contents: 1. General introduction to economics: historical background, definitions, context, aims. Basic concepts: scarcity and efficiency; rational choice; micro and macroeconomics; positive and normative economics; market economics; economics agents and behaviour. Econometrics models (1 ECTS)

2. Demand and consumer behaviour. Individual demand and consumer preference. Utility notion, utility maximisation, budget constraint and consumer equilibrium. Income and substitution effect. Factors affecting consumer demand. Consumer surplus (1 ECTS).

4. The Production. Economic objectives, production and producers behaviour. The production function. The technological progress. Law of diminishing marginal returns. The isoquant and factor substitution. Technical optimisation of factor use. Return to scale. Short and long-run costs. Short-run cost analysis. Optimisation of production level. Break even and shutdown price. Technological progress, production costs and other factors affecting supply level (1 ECTS).

4. Market equilibrium, changing equilibrium and price volatility. Market policy: minimum and maximum prices, market distortion. Main market structures (1 ECTS).

5. Demand and supply elasticities: definition. Price elasticity, income elasticity and cross elasticity. Engel law and food demand (1 ECTS).

6. Efficiency of market policies: the EU agri-food sector. The Common Agricultural Policy and of the Rural Development Policy. Economic impacts of different market regulation policies (1 ECTS).
Planned learning activities and teaching methods: Frontal lectures based on reference textbooks and on the documents that will be made available on the Moodle platform.
Additional notes about suggested reading: Teaching material is made available on the Moodle platform (https://elearning.unipd.it/scuolaamv/).
Textbooks (and optional supplementary readings)
  • Samuelson, Paul Anthony; Nordhaus, William D., EconomiaPaul A. Samuelson, William D. Nordhaus, Carlo Andrea Bollinoedizione italiana con la collaborazione di Paolo Polinori. Milano [etc.]: McGraw-Hill education, 2019.

Innovative teaching methods: Teaching and learning strategies
  • Active quizzes for Concept Verification Tests and class discussions

Innovative teaching methods: Software or applications used
  • Moodle (files, quizzes, workshops, ...)