Agricoltural and food economics and policy

A.Y. 2020/2021
Overall hours
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.
Course syllabus and organization

Single session

Lesson period
First semester
The program and reference material will not be changed.
Most of the lessons and exercise will be held on the Microsoft Teams
platform and can be followed either synchronously based on the schedule
or asynchronously as recorded.
On the Ariel platform of the course will be made available to students
the didactic material: video recordings of the lessons and synchronous
exercises on Teams and related PowerPoint slides; possible PowerPoint
with audio in case of asynchronous lessons or in-depth analysis.
The exam will be in oral form on the Microsoft Teams platform.
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 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

● 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
Attendance is strongly recommended.
Teaching modality: frontal didactic and exercises
Teaching Resources
The didactic material:
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.
Practicals: 32 hours
Lessons: 32 hours