Authorised by Academic Registrar, April 1996
Objectives On completion of this subject, students should understand the benefits from international trade in agricultural products; be aware of barriers to trade and of bilateral and multilateral efforts to reduce trade barriers; be aware of the objectives of agricultural policy in different countries and the use of alternative policy instruments; understand how exchange rates are determined; be aware of alternative approaches to risk management in international business; understand the applications of marketing management principles in an international environment.
Synopsis Topics include economic and social problems in agriculture; foundation, development and implementation of agricultural policy and the impact upon agribusiness.; policy participants, trade-offs, alternatives and choices; role and impacts of trade institutions affecting international trade; world food problems and the future alternatives for international trade; the international financial environment; exchange rates; risk management in international business.
Assessment Assignment (6500 words): 65% + Examination (3 hours): 35%