Agricultural Economics, Rural Appraisal and Agricultural Policy
Module Agricultural Economics

Academic Year 2024/2025 - Teacher: ROBERTA SELVAGGI

Expected Learning Outcomes

The course aims to examine at a microeconomic level the production and choices of the entrepreneur, the study of the farm and the agricultural enterprise, the economic analysis of farm management, the problems and methods of business planning and the choice of business investments.

Course Structure

The teaching methods include lectures, seminars and coworking among students. In addition, teaching visits will be held.
As a guarantee of equal opportunities and in compliance with current laws, interested students can ask for a personal interview in order to plan any compensatory and/or dispensatory measures, based on their specific needs and on teaching objectives of the discipline.
To receive more details on the matter, the Department's CInAP (Center for Active and Participatory Inclusion - Disability and/or DSA Services) contact person can also be contacted.

Required Prerequisites

None

Attendance of Lessons

Attendance is not mandatory but strongly recommended.

Detailed Course Content

General concepts. Economic assets and consumer choice. Analysis of the economic theory of supply and demand. Theory of the enterprise. Market and its functioning. Production and the entrepreneur's choices. Structure and management of agricultural production units. Problems and methods of business planning. Models of business economic analysis. Choice of business investments.

Textbook Information

1) Samuelson P.A:, Nordhaus W.D., Bollino C.A. (2012):“Economia”. XIX Edizione, McGraw-Hill, (MI).
2) Dominik Salvatore, (2010): "Microeconomia" Teoria e applicazioni. V edizione, Franco Angeli (MI):
3) Messori F. (2007): “L’azienda agraria” – Introduzione all’economia dell’unità di produzione agricola. CLUEB (BO)
4) Iacoponi L., Romiti R., (2004): “Economia e Politica Agraria”, Ed agricole Bologna.

Course Planning

 SubjectsText References
1General aspect of agricultural economicsBook 1 - Chapter 1
2Economic good and needsBook 1
3Theory of consumer behaviourBook 2
4The concept of utility and its maximisationBook 2
5Budget constraint and indifference curvesLessons
6Supply and demandBook 2
7Market and its main formsBook 2
8Enterprise and FarmingBook 3
9Economic balance sheets of farmsBook 3
10Analysis of the farm's economic resultsBooks 3 and 4

Learning Assessment

Learning Assessment Procedures

Assessment of the student's knowledge will be made according to the following criteria: the student's ability to learn and level of istudy of the topics discussed, property of synthesis and exposition, and the student's ability to argue. To this scope, it is planned:
- a written midterm test for attending students;
- a final oral test.
The grade is expressed in thirtieths. The exam is considered passed if the student achieves a grade of at least eighteen thirtieths.
If necessary, the learning assessment procedure may also be conducted on-line.

The grading will be as follows:
Unsuitable
Knowledge and understanding of topic: Significant deficiencies. Significant inaccuracies
Ability to analyse and synthesise: Irrelevant. Frequent generalisations. Inability to summarise
Use of references: Completely inappropriate
18-20
Subject knowledge and understanding: At threshold level. Obvious imperfections
Capacity for analysis and synthesis: Barely sufficient capacity
Use of references: Barely appropriate
21-23
Knowledge and understanding of the subject matter: Routine Knowledge 
Ability to analyse and synthesise: Is able to analyse and synthesise correctly. Argues logically and coherently
Use of references: Uses standard references
24-26
Knowledge and understanding of subject matter: Good knowledge
Analysis and synthesis abilities: Has good analysis and synthesis abilities. Arguments are expressed coherently
Use of references: Uses standard references
27-29
Knowledge and understanding of the subject: Knowledge more than good
Capacity for analysis and synthesis: Has considerable capacity for analysis and synthesis
Use of references: Has deepened the arguments
30-30L
Knowledge and understanding of the subject: Very good knowledge
Capacity for analysis and synthesis: Has considerable capacity for analysis and synthesis.
Use of references: Has significant in-depth knowledge.

Examples of frequently asked questions and / or exercises

  • Supply and Demand
  • Market models
  • Economic goods and consumer choice
  • The production function
  • The cost function
  • Business planning methods
  • Choice indicators for business investments