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ACE2006 : Agricultural Economics and Policy

  • Offered for Year: 2020/21
  • Module Leader(s): Dr Francisco Areal
  • Owning School: Natural and Environmental Sciences
  • Teaching Location: Newcastle City Campus
Semester 1 Credit Value: 10
ECTS Credits: 5.0


This module provides students with the basic analytical tools to evaluate the effect of agricultural, trade and environmental policies on welfare. The module explains and uses the principles of agricultural economics to help gaining an understanding of issues and events in the agricultural sector and international trade.

Outline Of Syllabus

The module is divided into 4 main sections:
1) Principles of agricultural economics;
2) Agricultural Policy;
3) The economics of farmland value and
4) Current and future agricultural policy issues

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture201:0020:00N/A
Guided Independent StudyAssessment preparation and completion11:001:00Completion of in class MCQs
Guided Independent StudyAssessment preparation and completion240:3012:00Student revision for in class test
Guided Independent StudyDirected research and reading11:001:00Preparation and completion of assignment
Guided Independent StudyIndependent study124:0024:00Lecture follow up
Guided Independent StudyIndependent study142:0042:00research and reading beyond the taught material
Teaching Rationale And Relationship

Students will have full access to all reading materials in advance of classes. Class discussion, Q/A sessions etc. encouraged during class. Lecture material is comprehensive and extensive, and requires substantial student study outside the classroom. Understanding of concepts and main ideas taught in this module will be tested during an in-class MCQs (45 min).The assignment is set specifically to test learning objectives, and to encourage students to practice their skills and extend their knowledge and understanding to be able to achieve these outcomes.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Other Assessment
Description Semester When Set Percentage Comment
Written exercise1M70Assignment
Prof skill assessmnt1M30in class MCQs
Assessment Rationale And Relationship

Students understanding of main concepts and ideas will be assessed using MCQs. Analytical skills will be assessed using an assignment. This will enable to evaluate students' understanding and competence in applying relevant techniques used in agricultural economics and policy analysis.

Reading Lists