LOJK10255U Agricultural and Food Policy
MSc Programme in Agricultural Economics
MSc Programme in Environmental and Natural Resource Economics
Historically, no other sector of the economy has been the object of so much policy intervention and so much economic analysis as agriculture. Moreover, the implications of these interventions are becoming increasingly complex and far-reaching in scope. A good example is biofuel support policies in the form of mandates and subsidies. These are believed to have led to a stronger link between global food and fuel markets and to have contributed to the global food crisis in 2007-08. This course will introduce you to some of the most important agricultural and food policies and provide you with analytical tools needed to evaluate their economic impacts. The emphasis is on analysis of stylized agro-food policies in a partial equilibrium framework. Illustrative applications and cases are also discussed. Towards the end of the course, you will be required to carry out your own policy analysis of an issue related to the agro-food sector.
The main objective of this course is to provide a theoretical framework and practical skills for analyzing the impact of agricultural and food policies and for designing optimal policy. Upon having completed this course the student is expected to be able to:
Point out stylized features of common agricultural and food policies in a welfare economic framework
Provide examples of specific agricultural and food policies from both developing and developed countries
Analyse the impact of a policy in a formal economic model
Analyse optimal policy design in relation to specific model assumptions
Conduct an independent economic analysis of a food policy
Work in groups on food policy issues
Selected scientific journal articles and textbook sections. A literature list will be announced at the beginning of the course.
Academic qualifications equivalent to a BSc degree is recommended.
- Practical exercises
- Project work
- 7,5 ECTS
- Type of assessment
- Oral examination, 25 minutesIndividual oral defense of a group-based project report and oral examination based on the course curriculum.
- Exam registration requirements
Students must hand in a group project report prior to the exam. The report must be approved in order to attend the exam.
- Without aids
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
Several internal examiners
The same as the ordinary exam.
If the project report was not approved at the ordinary exam, a new individual project report should be submitted two weeks before the re-examination, and it should be approved before the re-exam.
Criteria for exam assesment
The assessment is based on the criteria given by the Learning Outcomes