Bachelor of Agricultural Economics
(Part-time study, during the daytime only, may be available in certain circumstances)
Assumed knowledge: Mathematics.
The focus of this economics degree is on the development of analytical, quantitative, computing and communication skills with an emphasis on commodity markets and agricultural and natural resource issues. Skills highly regarded by employers are gained in fourth year through the completion of a research thesis, research exercises and research project reports. A wide range of elective units is available.
Major studies: Include accounting (restricted entry), agribusiness management, agricultural economics, agricultural finance, agricultural marketing, agricultural policy, agricultural science, commercial law, econometrics, economics, finance, geography, government, international trade, management, marketing, modern languages, natural resource economics, psychology.
Professional experience: For students enrolling since 2008, this professional experience requirement is credited to the AFNR4001 unit of study. Overseas experience is encouraged.
Professional recognition: Undergraduates and graduates are eligible for membership of the Australian Agricultural and Resource Economics Society, the Economic Society of Australia, the Agribusiness Association of Australia and the American Agricultural Economics Association.
Career opportunities: Graduates are employed as applied economists and researchers with commodity and futures brokers, merchant banks and trading banks and by the Department of Agriculture, Fisheries and Forestry, ABARE, Meat and Livestock Australia and the Productivity Commission. They are also employed by accounting firms; management consultants, international agencies and agribusiness firms; the wider business community; large corporate farms; and in the media as economic journalists.
Units of study
Unit of study | Credit points | A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition | Session |
---|---|---|---|
All students complete an Agricultural Economics major and one non-Agricultural Economics major. Details of majors can be found in Tables 3 and 4. | |||
Year 1 |
|||
Year 1 will have a minimum of 48 credit points comprised of: | |||
AGEC1102 Agricultural Economics 1 |
6 | A HSC Mathematics or HSC Mathematics Extension 1 N AGEC1002 |
Semester 1 |
AGEC1101 Agricultural and Resource Systems |
6 | A HSC Mathematics or HSC Mathematics Extension 1 N AGEC1001 |
Semester 2 |
ECON1001 Introductory Microeconomics |
6 | A Mathematics |
Semester 1 Semester 2 Summer Main |
ECMT1010 Business and Economic Statistics A |
6 | N ECMT1011, ECMT1012, ECMT1013, MATH1015, MATH1005, MATH1905, STAT1021, ECOF1010 |
Semester 1 Semester 2 |
ECON1002 Introductory Macroeconomics |
6 | A Mathematics |
Semester 1 Semester 2 Summer Main |
ECMT1020 Business and Economic Statistics B |
6 | P ECMT1010 or ECOF1010 N ECMT1021, ECMT1022, ECMT1023 Other than in exceptional circumstances, it is strongly recommended that students do not undertake Business and Economic Statistics B before attempting Business and Economic Statistics A. |
Semester 1 Semester 2 |
and units from Table 1 (minimum of 12 credit points), with a view to completing a Table 4 non-AGEC major. | |||
Year 2 |
|||
AGEC2103 Production Economics |
6 | P ECON1001 or AGEC1006 or ( AGEC1003 and AGEC1004) or RESEC1031 N AGEC2003 |
Semester 1 |
AGEC2105 Applied Econometric Modelling 1 |
6 | P ECMT1010 and ECMT1020 N ECMT2110 |
Semester 1 |
Students wanting to take a second major in Econometrics must enrol in ECMT2110. Degree Co-ordinator permission will be required. | |||
ECOS2001 Intermediate Microeconomics |
6 | P ECON1001 C ECMT1010 N ECON2001, ECOS2901, ECON2901 Certain combinations of Maths/Stats may substitute for Econometrics. Consult the Chair of the Discipline of Economics. |
Semester 1 Semester 2 Summer Main |
or | |||
ECOS2901 Intermediate Microeconomics Honours |
6 | P ECON1001 and ECON1002 with a Credit average or better in the two units of study combined C ECOS2903 or MATH2070 and ECMT1010 N ECON2901, ECOS2001, ECON2001 Note: Department permission required for enrolment |
Semester 1 |
ECOS2002 Intermediate Macroeconomics |
6 | P ECON1002 C ECMT1020 N ECON2002, ECOS2902, ECON2902 Certain combinations of Maths/Stats may substitute for Econometrics. Consult the Chair of the Discipline of Economics. |
Semester 1 Semester 2 Summer Main |
or | |||
ECOS2902 Intermediate Macroeconomics Honours |
6 | P ECON1001 and ECON1002 with a Credit average or better in the two units of study combined C ECMT1020 N ECON2902, ECOS2002, ECON2002 Note: Department permission required for enrolment |
Semester 2 |
AGEC2101 Market and Price Analysis |
6 | P AGEC1006 or (AGEC1003 and AGEC1004) or AGEC1002 or AGEC1102 or RSEC1031 or AGEC1031 N AGEC2001 |
Semester 2 |
and units from Tables 1 and 2 (minimum 18 credit points), with a view to completing a Table 4 non-AGEC major. | |||
Year 3 |
|||
Year 3 will have a minimum of 48 credit points comprised of: | |||
AGEC3103 Applied Optimisation |
6 | P (AGEC2001 or AGEC2101) and (AGEC2003 or AGEC2103) N AGEC3101 |
Semester 1 |
or | |||
AGEC3101 Agribusiness Management |
6 | P AGEC2103 or AGEC2003 or AGEC1006 N AGEC3103 and AGEC3001 |
Semester 2 |
AGEC3102 Agricultural and Resource Policy |
6 | P (AGEC2001 or AGEC2101) and (AGEC2003 or AGEC2103) N AGEC3002 |
Semester 1 |
AGEC3104 Research Methods |
6 | P AGEC2105 N AGEC3004 |
Semester 2 |
and units from Table 2 (minimum 30 credit points), with a view to completing a Table 4 non-AGEC major. | |||
Year 4 |
|||
Year 4 will have a minimum of 48 credit points comprised of: | |||
AGEC4112 Research Project A |
9 | P 2 units out of AGEC3102, AGEC3103, AGEC3104 or AGEC3004 C AGEC4113 N AGEC4012 Note: Department permission required for enrolment Department permission required for enrolment. |
Semester 1 |
or | |||
AGEC4121 Research Exercises A |
9 | P 2 units out of AGEC3102, AGEC3103, AGEC 3104 or AGEC3004 C AGEC4122 N AGEC4012, AGEC4112 |
Semester 1 |
and | |||
AGEC4113 Research Project B |
9 | P 2 units out of AGEC3102, AGEC3103, AGEC3104 or AGEC3004 C AGEC4112 N AGEC4013 Note: Department permission required for enrolment Department permission required for enrolment. |
Semester 2 |
or | |||
AGEC4122 Research Exercises B |
9 | P 2 units out of AGEC3102, AGEC3103, AGEC 3104, or AGEC3004 C AGEC4121 N AGEC4013, AGEC4113 |
Semester 2 |
AFNR4001 Professional Development |
6 | N AGRF4000 Note: Department permission required for enrolment |
Semester 2 |
and units from below (normally 24 credit points), with no more than 12 credit points of RSEC units. Not all of these units will be offered in all years. | |||
AGEC4101 Agricultural Marketing Analysis |
6 | P (AGEC2001 or AGEC2101) and (AGEC2003 or AGEC2103) N AGEC4004 |
Semester 2 |
AGEC4102 Agricultural Development Economics |
6 | P AGEC2001 or AGEC2101 and AGEC2003 or AGEC2103 |
Semester 2 |
AGEC4104 Industrial Organization of Agribusiness |
6 | P (AGEC2001 or AGEC2101) and (AGEC2003 or AGEC2103) |
Semester 1 |
AGEC4107 Special Topics |
6 | N AGEC4007 Note: Department permission required for enrolment |
Semester 1 Semester 2 |
AGEC4108 Quantitative Planning Methods This unit of study is not available in2011 |
6 | P AGEC3101 or AGEC3103 or AGEC3031 or AGEC3001 N AGEC4008 |
Semester 2 |
AGEC4109 Agricultural Finance and Risk |
6 | P {(AGEC3001 or AGEC3101) and (AGEC2003 or AGEC2103)} OR (AGEC1102 and AGEC3103) N AGEC4009 |
Semester 2 |
RSEC4131 Benefit-Cost Analysis |
6 | P (ECON2001 or ECOS2001) and (AGEC2103 or AGEC2003) N AGEC4037 |
Semester 1 |
RSEC4132 Environmental Economics |
6 | A (ECON2001 or ECOS2001), (ECON2002 or ECOS2002), AGEC3001, AGEC2101, AGEC2105 P ECON2001 or ECOS2001 or AGEC2103 or AGEC2003 N ECON3013, AGEC4035 |
Semester 1 |
RSEC4133 Economics of Mineral & Energy Industries This unit of study is not available in2011 |
6 | A (ECON2002 or ECOS2002), AGEC3001, AGEC2101, AGEC2105 P (ECON2001 or ECOS2001) and (AGEC2103 or AGEC2003) N ECON3013 |
Semester 2 |
RSEC4134 Economics of Water & Bio-resources |
6 | A (ECON2002 or ECOS2002), AGEC3001, AGEC2101, AGEC2105 P (ECON2001 or ECOS2001) and (AGEC2103 or AGEC2003) N ECON3013 |
Semester 2 |
Table 1 BAgrEc Years 1 and 2 elective units
Unit of study | Credit points | A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition | Session |
---|---|---|---|
ACCT1001 Accounting IA |
6 | A HSC Mathematics N ACCT1003, ACCT1004 Available for only for continuing degree students who commenced their studies prior to 2011 |
Semester 1 Semester 2 |
or | |||
ACCT1005 Accounting, Business and Society |
6 | N ACCT1001, ACCT1002, ACCT1003, ACCT1004 |
Semester 1 Semester 2 |
ACCT1002 Accounting IB |
6 | P ACCT1001 N ACCT1003, ACCT1004 Available for only for continuing degree students who commenced their studies prior to 2011 |
Semester 1 Semester 2 |
or | |||
ACCT1006 Accounting and Financial Management |
6 | P ACCT1005 N ACCT1001, ACCT1002, ACCT1003, ACCT1004 |
Semester 1 Semester 2 |
ACCT1002 Accounting IB |
6 | P ACCT1001 N ACCT1003, ACCT1004 Available for only for continuing degree students who commenced their studies prior to 2011 |
Semester 1 Semester 2 |
ACCT1003 Financial Accounting Concepts |
6 | N ACCT1001, ACCT1002 Terminating unit. |
Semester 1 |
ACCT1004 Management Accounting Concepts |
6 | N ACCT1001, ACCT1002 Terminating unit. |
Semester 2 |
AFNR1001 The Rural Environment |
6 | Semester 1 |
|
AFNR1002 Climate and the Environment |
6 | Semester 2 |
|
BIOL1001 Concepts in Biology |
6 | A None. However, semester 1 students who have not completed HSC Biology (or equivalent) are strongly advised to take the Biology Bridging Course (in February). N BIOL1911 It is recommended that BIOL (1001 or 1911) be taken concurrently with either BIOL1003 or BIOL1903. Students who have completed HSC Biology and scored 80+ should enrol in BIOL1911. Students who lack 80+ in HSC Biology but have a UAI of at least 93 may enrol in BIOL1911 with permission from the UEO. The completion of MBLG 1001 is highly recommended. |
Semester 1 Summer Main |
BIOL1002 Living Systems |
6 | A HSC 2-unit Biology. Students who have not completed HSC biology (or equivalent) are strongly advised to take the Biology Bridging Course (in February). N BIOL1902 It is recommended that BIOL (1001 or 1911) be taken before this unit of study. This unit of study, together with BIOL (1001 or 1911) provides entry to all Intermediate units of study in biology in the School of Biological Sciences. |
Semester 2 |
CLAW1001 Foundations of Business Law |
6 | Semester 1 Semester 2 Summer Early |
|
GEOS1001 Earth, Environment and Society |
6 | N GEOS1901, GEOG1001, GEOG1002, GEOL1001, GEOL1002, GEOL1902 |
Semester 1 |
GEOS1002 Introductory Geography |
6 | N GEOS1902, GEOG1001, GEOG1002 |
Semester 2 |
GOVT1101 Australian Politics |
6 | Semester 1 |
|
GOVT1104 Power in Society |
6 | Semester 2 |
|
GOVT1105 Geopolitics |
6 | Semester 1 Semester 2 |
|
GOVT1202 World Politics |
6 | Semester 1 Semester 2 |
|
INFS1000 Digital Business Innovation |
6 | N ISYS1003, INFO1000, INFO1003 |
Semester 1 Semester 2 Summer Main |
MATH1011 Applications of Calculus |
3 | A HSC Mathematics N MATH1111, MATH1001, MATH1901, MATH1906, BIOM1003 |
Semester 1 Summer Main |
MATH1013 Mathematical Modelling |
3 | A HSC Mathematics or MATH1111 N MATH1003, MATH1903, MATH1907 |
Semester 2 Summer Main |
MKTG1001 Marketing Principles |
6 | N MKTG2001 |
Semester 1 Semester 2 |
MKTG1002 Marketing Research 1 This unit of study is not available in2011 |
6 | P MKTG1001 (or MKTG2001) N MKTG2003 |
Semester 2 |
PSYC1001 Psychology 1001 |
6 | Semester 1 Summer Main |
|
PSYC1002 Psychology 1002 |
6 | Semester 2 Summer Main |
|
WORK1003 Foundations of Work and Employment |
6 |
This is the compulsory unit of study for the Industrial Relations/Human Resource Management major. |
Semester 1 Semester 2 |
Modern Language (Level 1 or higher) units, with the approval of the Dean FAFNR |
Notes:
- Students may count no more than 24 credit points of the units specified in the above table towards meeting the requirements of their degree, and no more than 12 credit points from the listed INFS, MATH, PSYC and Modern Language units.
- ACCT1001/ACCT1005 and ACCT1003 are mutually exclusive.
- ACCT1002/ACCT1006 and ACCT1004 are mutually exclusive.
- Entry to ACCT1001/ACCT1005 and ACCT1002/ACCT1006 is restricted: the student's academic record must be as good as that needed for admission to the University's BCom program.
- Prerequisites apply for many second semester units.
Table 2 BAgrEc Years 2 and 3 elective units
Unit of study | Credit points | A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition | Session |
---|---|---|---|
AGEC2102 Agribusiness Marketing |
6 | P AGEC1006 or AGEC1102 or RSEC1031 |
Semester 1 |
LWSC2002 Introductory Hydrology |
6 | A AFNR1001, AFNR1002, ENSY1001 and (BIOM1003 or ENVX1001) |
Semester 2 |
PLNT2002 Aust Flora: Ecology and Conservation |
6 | P 6 credit points of a Junior unit of study N PLNT2902 |
Semester 1 |
PLNT2003 Plant Form and Function |
6 | A 12 credit points of Junior Biology, or equivalent eg BIOL (1001 or 1101 or 1901 or 1911) and BIOL (1002 or 1902 or 1003 or 1903) N PLNT2903, BIOL2003, BIOL2903, CROP2001 |
Semester 2 |
RSEC4131 Benefit-Cost Analysis |
6 | P (ECON2001 or ECOS2001) and (AGEC2103 or AGEC2003) N AGEC4037 |
Semester 1 |
SOIL2003 Soil Properties and Processes |
6 | Semester 1 |
|
ENVX3001 Environmental GIS |
6 | A least 48 credit points in second year agriculture/science units. |
Semester 2 |
Any level 2 or 3 semester units in Accounting (ACCT), Commercial Law (CLAW), Econometrics (ECMT), Economics (ECOS), Finance (FINC), Geography (GEOG or GEOS), Government (GOVT), Industrial Relations and Human Resource Management (WORK), Information Systems (INFS), Marketing (MKTG), Psychology (PSYC). Units in Asian Studies (ASNS) or Modern Languages may also be taken (with the approval of the Dean FAFNR) | |||
Any level 4 units in Agricultural Economics (AGEC) other than those which are core requirements for Year 4. | |||
Other units of study from the BScAgr, BHortSc and BLWSc degrees, with approval of the Dean FAFNR and the Degree Coordinator concerned. | |||
AGEC2102 Agribusiness Marketing can only be included for Year 2. | |||
Prerequisites and/or corequisites apply for most units. | |||
Electives must be chosen such that the student will complete a non-AGEC major as specified in the Table of Majors. |
Majors in the BAgrEc Degree
The definitions of majors in the following tables apply for students commencing in 2005 or later. These students are required to complete 48 credit points in their chosen majors. Their majors must comply with the requirements for the BAgrEc degree as set out below, and also with the minimum requirements of the discipline teaching that major.
Students who commenced in 2004 or earlier will be required to complete 44 credit points to obtain a major. The major will be defined according to the criteria as currently determined by the discipline teaching that major. The current requirements for majors in the Faculty of Economics and Business and the Faculty of Science can be found in the respective faculty handbooks.
All students must complete an Agricultural Economics major and a non Agricultural Economics major. The Agricultural Economics major is defined in Table 3. The other majors available in the BAgrEc degree are defined in Table 4. Up to three majors will be noted on a student's transcript.
Table 3 Agricultural Economics major
Agricultural Economics |
---|
Junior (Level 1) units AGEC(1101 or 1001) AGEC(1102 or 1002) Level 2 and 3 units AGEC(2101 or 2001) and AGEC(2103 or 2003) AGEC(3002 or 3102) and AGEC(3001 or 3101 or 3103) Two level 4 AGEC elective units |
Table 4 Non AGEC majors available in the BAgrEc Degree
Accounting |
---|
Junior (Level 1) units ACCT1001*/ACCT1005*, ACCT1002*/ACCT1006* Level 2 and 3 units ACCT2011 and ACCT2012 And four of the following units: ACCT3011, ACCT3012, ACCT3013, ACCT3014, ACCT3031, ACCT3032, CLAW2201 See FEB Handbook *Note: Restricted entry |
Agribusiness |
---|
Junior (Level 1) units ACCT1004 and either (INFS1000 and CLAW1001) or WORK1003 Level 2 and 3 units AGEC2102 AGEC4104 One of AGEC4101, 4109 Either 12 credit points INFS level 2/3 units or 18 credit points WORK level 2/3 units |
Agricultural Finance |
---|
Junior (Level 1) units ACCT1001* or ACCT1003 and either ECMT1010 or ECON1001 Level 2 and 3 units Two FINC2000 units as for a Finance major Two FINC3000 units AGEC4104, AGEC4108, AGEC4109 *Note: Restricted entry |
Agricultural Marketing |
---|
Junior (Level 1) units MKTG1001 MKTG1002 or AGEC3104 Level 2 and 3 units MKTG2112 and (MKTG3111 or MKTG3118) Two other MKTG3000 units AGEC4101, AGEC4104 |
Agricultural Science |
---|
Junior (Level 1) units AFNR1001 and AFNR1002 Level 2 and 3 units PLNT2003, SOIL2003 Four other Level 2/3/4 Agricultural Science units of study |
Commercial Law |
---|
Junior (Level 1) units CLAW1001 And any CLAW2000 or CLAW3000 unit of study Level 2 and 3 units CLAW2201 and any five further CLAW2000 or 3000 units See FEB Handbook |
Econometrics |
---|
Junior (Level 1) units ECMT1010 and ECMT1020 Level 2 and 3 units ECMT2110 amd ECMT3110 Four further ECMT2000 and ECMT3000 units See FEB Handbook |
Economics |
---|
Junior (Level 1) units
ECON1001 and ECON1002
Level 2 and 3 units ECOS2001 and ECOS2002
Any four further ECOS2000 or ECON3000 or ECOS3000 units, of which at least two must be at the 3000 level. See FEB Handbook |
Finance |
---|
Junior (Level 1) units ACCT1001* or ACCT1003 and either ECMT1010 or ECON1001 Level 2 and 3 units FINC2011 and FINC2012 Any four further FINC3000 units or three further FINC3000 units and one of ACCT3013 or CLAW3201. See FEB Handbook *Note: Restricted entry |
Geography |
---|
Junior (Level 1) units GEOS1001 or GEOS1003 Level 2 and 3 units Two GEOG or GEOS2000 units Four GEOG or GEOS3000 units See FSc Handbook |
Government and International Relations |
---|
Junior (Level 1) units Two level 1000 Government (GOVT) units Level 2 and 3 units Six GOVT2000 units See FEB Handbook |
Management |
---|
Junior (Level 1) units WORK1003 One GOVT1000 unit or ECON1001 Level 2 and 3 units WORK2201 Five units from: ECOS3003, 3005, 3008, 3012, GOVT2552, 2557, WORK 2204, 2205, 2209, 2210, 2211, 2217, 2218, 2219, 2221 See FEB Handbook |
Marketing |
---|
Junior (Level 1) units MKTG1001 and MKTG1002 Level 2 and 3 units MKTG2112 Four other MKTG2000 or 3000 units See FEB Handbook |
Psychology |
---|
Junior (Level 1) units PSYC1001 and PSYC1002 Level 2 and 3 units PSYC2011, 2012, 2013 and 2014 24 credit points PSYC3000 units See FEB Handbook *Note: A Psychology major requires the completion of 60 credit points of PSYC units |
Notes:
- For disciplines based in other faculties (e.g. Geography is based in the Faculty of Science) the specification of a major here may differ from that in its 'home' faculty. The requirement for a major within the BAgrEc degree is no less, nor more liberal, than in the discipline's 'home' faculty.
- A student can count a particular unit of study towards only one major.
- Where a student could count a unit of study towards more than one major, the student must nominate by the end of their final year the particular major to which the unit is to be allocated.
Course rules
Bachelor of Agricultural Economics (Honours)
These resolutions must be read in conjunction with applicable University By-laws, Rules and policies including (but not limited to) the University of Sydney (Coursework) Rule 2000 (the 'Coursework Rule'), the Resolutions of the Faculty, the University of Sydney (Student Appeals against Academic Decisions) Rule 2006 (as amended) and the Academic Board policies on Academic Dishonesty and Plagiarism.
Course resolutions
1 Course codes
Code |
Course title |
---|---|
BH002 |
Bachelor of Agricultural Economics |