Discover agricultural economics and learn how to use economics for better decision making and efficiency in agriculture.
Make more informed agricultural decisions as a farmer or policymaker
Economic thinking is vital in agriculture, as a farmer’s livelihood depends on the outcomes of their decisions. Governments also require economic information to make policy decisions on behalf of communities.
On this course, you’ll explore key economic principles that will help you to make sense of the changes that have occurred in agriculture and understand why different agricultural economic decisions have been made.
You’ll cover subjects like agricultural production methods, input levels, resource conservation, and sustainable agricultural production, as you consider how improved economic thinking can positively impact these areas.
This course is part of our Study with Australia collection, with free upgrades and digital certificates supported by the Australian Trade and Investment Commission until 31st July 2020.
What topics will you cover?
- Explore the history of agricultural production and prices, and an examination into the reasons behind changes in production and prices.
- Develop an understanding of water availability, peak phosphorus, herbicide resistance, and climate change.
- Look at the relationship between inputs and outputs, the optimal level of an input, the question of pollution from inputs, and flat payoff functions.
- Evaluate land conservation practices, weighing benefits and costs correctly and non-economic factors.
- Discuss the importance of extending economics beyond the farm gate.
- Discuss government policies that support agriculture, protect the rural environment, policies with problems and justifications for agricultural policy.
When would you like to start?
Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts.
- Available now
Who is the course for?
This course is designed for anyone with an interest in economic thinking for the agricultural sector.
It will be of particular interest to farmers, policymakers, and those who reside in rural communities with strong agriculture industries.
Who developed the course?
The University of Western Australia
We’re a research-intensive university ranked in the world’s top 1% of academic institutions.
The University of Western Australia is offering everyone who joins this course a free digital upgrade so that you can experience the full benefits of studying online for free. This means that you get:
- Unlimited access to this course
- Includes any articles, videos, peer reviews and quizzes
- Tests to validate your learning
- A PDF certificate of Achievement to prove your success when you’re eligible
About the School
Learn 100% online with world-class universities and industry experts. Develop your career, learn a new skill, or pursue your hobbies with flexible online courses.