University of Sydney Handbooks - 2011 Archive

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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:
  1. 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.
  2. ACCT1001/ACCT1005 and ACCT1003 are mutually exclusive.
  3. ACCT1002/ACCT1006 and ACCT1004 are mutually exclusive.
  4. 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.
  5. 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
GEOS1002 or other level 1 science unit

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

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

2 Attendance pattern

The attendance pattern for this course is full time or part time according to student choice.

3 Admission to candidature

Admission to this course is on the basis of a secondary school leaving qualification such as the NSW Higher School Certificate (including national and international equivalents), tertiary study or an approved preparation program. English language requirements must be met where these are not demonstrated by sufficient qualifications taught in English. Special admission pathways are open for mature aged applicants who do not possess a school leaving qualification, educationally disadvantaged applicants and for Aboriginal and Torres Strait Islander people. Applicants are ranked by merit and offers for available places are issued according to the ranking. Details of admission policies are found in the Coursework Rule.

4 Requirements for award

(1)
The units of study that may be taken for the course/s are set out in the table of units of study for Bachelor of Agricultural Economics. The Dean may approve some variation in units of study required for the degree for exceptionally talented students.
(2)
To qualify for the degree of Bachelor of Agricultural Economics a candidate must successfully complete 192 credit points, comprising:
(a)
72 credit points of core units of study; and
(b)
two majors including an Agricultural Economics major and an additional major; and
(c)
elective credit points.

5 Majors

(1)
A major requires a minimum of 36 credit points above junior level. The majors available are:
(a)
Accounting
(b)
Agribusiness
(c)
Agricultural Economics
(d)
Agriculture Finance
(e)
Agricultural Marketing
(f)
Agricultural Science
(g)
Commercial Law
(h)
Econometrics
(i)
Economics
(j)
Finance
(k)
Geography
(l)
Government and International Relations
(m)
Management
(n)
Marketing
(o)
Psychology
(2)
Core units of study that are common to the requirements of a major may count to that major, however, any unit of study may only count towards one major. Where a unit of study is common to 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.

6 Requirements for the Honours degree

(1)
All candidates for the degree are considered for the award of the degree with honours. Honours is awarded to meritorious candidates.
(2)
To qualify for the award of honours a candidate must have:
(a)
achieved an average WAM over Years 2/3 of at least 65; and
(b)
achieved a WAM in Year 4 of at least 65.
(3)
Refer to the resolutions of the faculty of Agriculture, Food and Natural Resources for the calculation of the WAM and the level of the honours award.

7 Award of the degree

(1)
The Bachelor of Agricultural Economics is awarded as either Pass or Honours. The honours degree is awarded in classes ranging from First Class to Second Class according to the conditions specified in the Resolutions of the Faculty of Agriculture, Food and Natural Resources.
(2)
Candidates for the award of the Honours degree who do not meet the requirements, but who have otherwise satisfied the course requirements, will be awarded the pass degree.

8 Transitional provisions

(1)
These resolutions apply to persons who commenced their candidature after 1 January, 2011 and persons who commenced their candidature prior to 1 January, 2011 who elect to proceed under these resolutions.
(2)
Candidates who commenced prior to 1 January, 2011 may complete the requirements in accordance with the resolutions in force at the time of their commencement, provided that requirements are completed by 1 January, 2016. The Faculty may specify a later date for completion or specify alternative requirements for completion of candidatures that extend beyond this time.