Agricoltural and Food Economics and Policy
A.Y. 2019/2020
Learning objectives
The course aims to provide the introductory bases of the fundamentals of economic theory and to analyze the main technical-economic and agricultural policy aspects that characterize the livestock farm. We also intend to address the evolution of the Italian and European agri-food system and the relationships between the various components of the system, the connections with the entire national and international political-economic system and the main economic problems of the food market.
Expected learning outcomes
The student will be able to understand the dynamics of the agricultural sector and the main mechanisms that regulate the Italian and European agri-food market, with particular reference to animal supply chains, according to economic theory. Moreover, he will know the technical-economic characteristics of the farm and the use of the main tools of agricultural policy, performance analysis and productivity improvement in economic terms.
Lesson period: First semester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course cannot be attended as a single course. Please check our list of single courses to find the ones available for enrolment.
Course syllabus and organization
Single session
Responsible
Lesson period
First semester
Course syllabus
I) Introduction to political economy
Frontal lessons
● The principles of political economy
● Theory of Supply and Demand
● Demand and Supply of goods, price making, market equilibrium
● Elasticity of demand to price and income
● Production function, production costs and elasticity of supply
● Forms of Market and business choices
● Efficiency and failures of the Market
Exercises
Exercises and practical applications of comparative statics related to microeconomics
II) Agricultural economics
Frontal lessons
● References to business theory
● Farm and agricultural enterprise
● The agricultural entrepreneur
● The factors of production and the capital of the farm
● The structure and organization of the agricultural enterprise
● The European OTE-UDE classification of agricultural enterprises
● Types of business and agricultural contracts and their importance in the livestock sector
● The determination of the economic results
● Methods of final analysis: the financial statements
Exercises
● Calculation of the operating budget of an agri-zootechnical company
● Analysis of business efficiency and methodological tools
● Calculation of the production cost of the main products of animal origin
III) Agricultural policy
● The European Union: history and main institutions
● The common agricultural policy (CAP) from its establishment to the first attempts to reform
● The CAP from the 1980s to the Mc Sharry Reformation
● Agenda 2000
● The mid-term review of the CAP
● Health Check 2008: verification of the health status of the CAP.
● The new CAP 2014-2020: new proposals and future scenarios
● The different levels of agricultural planning: community, national and regional
● Rural development policy (II pillar of the CAP) from foundation to today
● The old and the new PSR of the Lombardy Region
● The historical evolution of the CMOs
● Agri-environmental programs of Community agricultural policy: historical evolution
● International commercial policy: GATT-WTO, the Agreement on Agriculture
IV) Food economy
● The agri-food system
● Definition of terminologies: agribusiness, agro-industrial system, food supply chain and agro-industrial district
● Importance of the Italian agri-food system and its components
● The market for agri-food products of animal origin
● The Italian agricultural sector
● The Italian livestock sector
Frontal lessons
● The principles of political economy
● Theory of Supply and Demand
● Demand and Supply of goods, price making, market equilibrium
● Elasticity of demand to price and income
● Production function, production costs and elasticity of supply
● Forms of Market and business choices
● Efficiency and failures of the Market
Exercises
Exercises and practical applications of comparative statics related to microeconomics
II) Agricultural economics
Frontal lessons
● References to business theory
● Farm and agricultural enterprise
● The agricultural entrepreneur
● The factors of production and the capital of the farm
● The structure and organization of the agricultural enterprise
● The European OTE-UDE classification of agricultural enterprises
● Types of business and agricultural contracts and their importance in the livestock sector
● The determination of the economic results
● Methods of final analysis: the financial statements
Exercises
● Calculation of the operating budget of an agri-zootechnical company
● Analysis of business efficiency and methodological tools
● Calculation of the production cost of the main products of animal origin
III) Agricultural policy
● The European Union: history and main institutions
● The common agricultural policy (CAP) from its establishment to the first attempts to reform
● The CAP from the 1980s to the Mc Sharry Reformation
● Agenda 2000
● The mid-term review of the CAP
● Health Check 2008: verification of the health status of the CAP.
● The new CAP 2014-2020: new proposals and future scenarios
● The different levels of agricultural planning: community, national and regional
● Rural development policy (II pillar of the CAP) from foundation to today
● The old and the new PSR of the Lombardy Region
● The historical evolution of the CMOs
● Agri-environmental programs of Community agricultural policy: historical evolution
● International commercial policy: GATT-WTO, the Agreement on Agriculture
IV) Food economy
● The agri-food system
● Definition of terminologies: agribusiness, agro-industrial system, food supply chain and agro-industrial district
● Importance of the Italian agri-food system and its components
● The market for agri-food products of animal origin
● The Italian agricultural sector
● The Italian livestock sector
Prerequisites for admission
No prior knowledge is required
Teaching methods
Frontal lessons and exercises
Teaching Resources
Materiale di riferimento
Carpentieri L. (2008), Elementi di economia e politica agraria, Edizioni Giuridiche Simone
Bruni F., Franco S. (2013), Economia dell'impresa e dell'azienda agraria, Franco Angeli
Fanfani R. (2009), Il sistema agroalimentare in Italia, Bologna, Edagricole.
Iacoponi L., Romiti R., (1997) Economia e politica agraria, Edagricole
Mankiw N. G., Taylor M. P. (2012). Principi di Economia, Zanichelli, Bologna.
Messori F., Ferretti F. (2010), Economia del mercato dei prodotti agroalimentari, Il Sole 24 Ore Edagricole.
Sodano V., Sassi M., Marchini A. (2010): Economia agroalimentare: mercati e politiche, Mc Graw Hill.
Supplementary teaching material distributed by the teacher during the lessons
Carpentieri L. (2008), Elementi di economia e politica agraria, Edizioni Giuridiche Simone
Bruni F., Franco S. (2013), Economia dell'impresa e dell'azienda agraria, Franco Angeli
Fanfani R. (2009), Il sistema agroalimentare in Italia, Bologna, Edagricole.
Iacoponi L., Romiti R., (1997) Economia e politica agraria, Edagricole
Mankiw N. G., Taylor M. P. (2012). Principi di Economia, Zanichelli, Bologna.
Messori F., Ferretti F. (2010), Economia del mercato dei prodotti agroalimentari, Il Sole 24 Ore Edagricole.
Sodano V., Sassi M., Marchini A. (2010): Economia agroalimentare: mercati e politiche, Mc Graw Hill.
Supplementary teaching material distributed by the teacher during the lessons
Assessment methods and Criteria
The exam is writing in a 45-minute session. The exam is made up of open questions, multiple choice questions and exercises. The maximum score for the correct answer is indicated for each question.
AGR/01 - AGRICULTURAL ECONOMICS AND RURAL APPRAISAL - University credits: 6
Practicals: 32 hours
Lessons: 32 hours
Lessons: 32 hours
Professor:
Gaviglio Anna Antonia Maria
Shifts:
-
Professor:
Gaviglio Anna Antonia MariaProfessor(s)