| Institute of Food and Resource Economics | |||||||||||||||||
| Earliest Possible Year | MSc. 1 year | ||||||||||||||||
| Duration | One block | ||||||||||||||||
| Credits | 7.5 (ECTS) | ||||||||||||||||
| Course Level | MSc | ||||||||||||||||
| Examination | Final Examination written examination Written Exam in Lecturehall All aids allowed Description of Examination: 4-hours written examination Weight: 100 percent 13-point scale, internal examiner Dates of Exam: 14 April 2007 | ||||||||||||||||
| Organisation of Teaching | Lectures, colloquia, and exercises | ||||||||||||||||
| Block Placement | Block 3 Week Structure: A | ||||||||||||||||
| Teaching Language | English | ||||||||||||||||
| Optional Prerequisites | Welfare Economics and Policy Analysis, Economic Policy | ||||||||||||||||
| Areas of Competence the Course Will Address | |||||||||||||||||
| Competences obtained within basic science: Comprehends basic welfare economics, basic macroeconomics and policy, and basic political economy. Competences obtained within applied science: Apply principples of obtained basic science on agricultural economics and policy issues such as foundation and persistence of agricultural support, design and effects of various policy instruments, methods of monitoring and evaluation of agricultural policy, and impact on agriculture from various macroeconomic variables. Competences obtained within ethics & values: Reflects on the trade off between efficiency and eqity both national and international. | |||||||||||||||||
| Course Objectives | |||||||||||||||||
| The primary objective of this course is to further build analytical skills needed to understand and conduct graduate level analysis on agricultural policy issues in OECD countries. Secondary objective of the course are to gain familiarity with key institutions, historical developments, current policy debates, and gain experience marching analysis methods with practical problems. | |||||||||||||||||
| Course Contents | |||||||||||||||||
| The contents of this course fall in four parts: Fist part will focus on explaining agricultural policy in OECD countries in relation to the questions of foundation and persistence. The approach will be based on the methodology of New Economic History, Public Choice, and Public Finance. Second part includes an advanced analysis of various policy instruments and their welfare effects and efficiency in achieving policy objectives. Third part deals with monitoring and evaluation of agricultural policy. The focus will be on various OECD measures of support like the Total Support Estimate (TSE) and Producer Support Estimate (PSE) and different economic policy models used for different purposes around the world. Forth part deals with the relationship between macroeconomics, agriculture and agriculture policy. The focus will be both short term and long term. Issues like the impact on agriculture from inflation, interest rates and exchange rates will be discussed. Also issues on the drivers of change like the overall economic and technological development together with the institutional development will be discussed. The latter part will include some related aspects from the History of Economic Thought. | |||||||||||||||||
| Teaching And Learning Methods | |||||||||||||||||
| The teaching is based on lectures that introduce the central and crucial elements of the curriculum. These central topics will further be touched upon in colloquias where the students will read, present and discuss various scientific articles. Furthermore there will be both theoretical and practical exercises in witch the students can develop there understanding of the subject further. | |||||||||||||||||
| Course Litterature | |||||||||||||||||
| Gardner, Bruce L. and Gordon C. Rausser (2002). Handbook of Agricultural Economics, Volume 2B, Agricultural and Food Policy. North-Holland 2002. Amsterdam. Gardner, Bruce L. (1987). The Economics of Agricultural Policy. Macmillan Publishing Company 1987. New York. Helmberger, Peter G. (1991). Economic Analysis of Farm programs. McGraw-Hill Inc. 1991. New York. Various Academic Articles | |||||||||||||||||
| Course Coordinator | |||||||||||||||||
| Henrik Zobbe, hz@life.ku.dk, Institute of Food and Resource Economics/Management, Phone: 35336810 Søren Kjeldsen-Kragh, skk@life.ku.dk, Institute of Food and Resource Economics/International Economics and Policy Division, Phone: 3528 | |||||||||||||||||
| Study Board | |||||||||||||||||
| Study Committee NSN | |||||||||||||||||
| Course Scope | |||||||||||||||||
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