Courses & Units

Farm Business Economics KLA202

Hobart

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 Ms Saideepa Kumar
Available as student elective? Yes
Delivered By University of Tasmania

Availability

Location Study period Attendance options Available to
Hobart 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 21/2/2022 22/3/2022 11/4/2022 29/5/2022

* 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 (see withdrawal dates explained for more information).

Unit census dates currently displaying for 2022 are indicative and subject to change. Finalised census dates for 2022 will be available from the 1st October 2021.

About Census Dates

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
Field of Education Commencing Student Contribution 1 Grandfathered Student Contribution 1 Approved Pathway Course Student Contribution 2 Domestic Full Fee
091901 $1,828.00 $1,432.00 not applicable $2,354.00
  • Available as a Commonwealth Supported Place
  • HECS-HELP is available on this unit, depending on your eligibility3
  • FEE-HELP is available on this unit, depending on your eligibility4

1 Please refer here more information on student contribution amounts.
2 Information on eligibility and Approved Pathway courses can be found here
3 Please refer here for eligibility for HECS-HELP
4 Please refer here for 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 this page to get an indicative course cost.

Teaching

Teaching Pattern

2 x 50 minute lectures and 1 x 2-hr tutorial weekly

AssessmentCase study report (40%)|Presentation (20%)|Tutorial-based assessments (x4) (40%)
TimetableView the lecture timetable | View the full unit timetable

Textbooks

Required

You will need the following text [available as electronic books through the University Library]:  

  • E-Book: The Farming Game (see unit schedule for important chapters) 

LinksBooktopia textbook finder

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