Courses & Units
Farm Business Economics KLA202
Introduction
In this unit, students will develop an understanding of farming as a business. The unit will cover the application of economic principles to support management decisions of a farm business, specifically focusing on how land, labour and capital are used to attain the goals and aspirations of owners. Using case studies of farm businesses, students will use economic and financial techniques to evaluate investment decisions, while considering the risks and uncertainties involved.
Summary
| Unit name | Farm Business Economics |
|---|---|
| Unit code | KLA202 |
| Credit points | 12.5 |
| College/School | College of Sciences and Engineering Tasmanian Institute of Agriculture |
| Discipline | Agriculture and Food Systems |
| Coordinator | Doctor Saideepa Kumar |
| Available as an elective? | Yes |
| Delivered By | University of Tasmania |
Availability
| Location | Study period | Attendance options | Available to | ||
|---|---|---|---|---|---|
| Hobart | Semester 1 | On-Campus | International | Domestic | |
| Launceston | Semester 1 | On-Campus | International | Domestic | |
Key
- On-campus
- Off-Campus
- International students
- Domestic students
Note
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Key Dates
| Study Period | Start date | Census date | WW date | End date |
|---|---|---|---|---|
| Semester 1 | 26/2/2024 | 22/3/2024 | 15/4/2024 | 2/6/2024 |
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
Learning Outcomes
- Explain the fundamental aspects of managing a farm business
- Interpret and analyse the financial and economic performance of a farm business
- Apply appropriate economic and financial techniques to analyse new farm investments
- Select and apply appropriate methods for analysing risk and uncertainty involved in farm business decisions
Fee Information
| Field of Education | Commencing Student Contribution 1,3 | Grandfathered Student Contribution 1,3 | Approved Pathway Course Student Contribution 2,3 | Domestic Full Fee 4 |
|---|---|---|---|---|
| 091901 | $2,040.00 | $1,597.00 | not applicable | $2,596.00 |
1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.
If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
Teaching
| Teaching Pattern | Online short lectures, a blend of 3-hour on-campus tutorials and online tutorials, and self-directed learning using a workbook provided. |
|---|---|
| Assessment | In-class test (10%)|Online quiz (10%)|Business Plan (40%)|Financial analysis (40%) |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
You will need the following text [available as electronic books through the University Library]:
|
Links | Booktopia textbook finder |
|---|
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.