Farm Business Economics unit (KLA202)

Hobart, Launceston

Introduction

In this unit, students will be introduced to diverse economic theories applied to farming and food production. They will learn to use economic frameworks to support ethical decision making within farm businesses. Using case studies, students will apply 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	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
Level	Intermediate

Availability

Location	Study period	Attendance options		Available to
Hobart	Semester 1
Launceston	Semester 1

Note

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Key Dates

Study Period	Start date	Census date	WW date	End date
Semester 1	23/02/2026	17/03/2026	20/04/2026	14/06/2026

* 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 2026 are indicative and subject to change. Finalised census dates for 2026 will be available from the 1st October 2025. Note census date cutoff is 11.59pm AEST (AEDT during October to March).

About Census Dates

Learning Outcomes

• Explore different theoretical approaches to frame economic practices in farming and food production
• Identify diverse economic practices in farm businesses
• Apply appropriate economic and financial techniques to analyse new farm investments
• Examine the ethical decisions associated with economic practices within farming businesses

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	$2,174.00	$1,703.00	not applicable	$2,862.00

• 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 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 UniConnect 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 2-hour on-campus tutorials and online tutorials, and self-directed learning using a workbook provided.
Assessment	Online quiz (10%)|Economic inventory (15%)|Ethical economic decisions (35%)|Economic 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]:   E-Book: Take Back the Economy (Gibson-Graham, J. K., Cameron, J., & Healy, S. (2013). Take Back the Economy: An Ethical Guide for Transforming Our Communities. University of Minnesota Press. http://www.jstor.org/stable/10.5749/j.ctt32bcgj)

The University reserves the right to amend or remove courses and unit availabilities, as appropriate.