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Agricultural Economics
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Summary of the Profile
General Description:
Objective(s) of a study programme:
Study programme is aimed to educate economists of high qualification by providing knowledge on economic agricultural, food, fiber processing, and bioenergy systems and educating abilities necessary in the professional activity for solution of theoretical and practical issues in economy in view of the changing policies on production of agricultural, food, fiber, and bioenergy products, market and agricultural as well as rural development or pursuit of further doctoral studies and research in economics and related fields.
Learning outcomes:
1. Possess comprehensive knowledge about the common research methodology and make critical judgements about the agricultural development under the conditions of sustainability, globalization and climate change, agricultural policy measures and doctrines of international institutions in the field of international agri-food products’ trade.
2. Know and make critical judgements on recent global and local issues in agricultural development and their solution methods based on fundamental and applied research findings.
3. Deal with atypical complex economic tasks in food, fiber and bioenergy supply chains by introduction of innovations and social responsibility principles.
4. Integrate the knowledge in economics, apply modern economic analysis methods to assess and model judgements on economic phenomena and processes, economic and political decisions in agriculture by substantiating the agricultural and rural development policy measures.
5. Develop and exercise critical approach in identification of research problems, raising of hypotheses, integration of general and special research methods.
6. Systematize and assess statistical information, apply mathematical and statistical data processing and analysis methods for research in agricultural economy, adoption of possible solutions, and assessment of environmental impact.
7. Initiate, organize, and conduct research autonomously and apply the research results to solution of issues in agricultural development, optimization of food, fiber, and bioenergy supply chain, substantiation of agricultural policy measures on the national and international level.
8. Develop and apply special skills in solution of economic issues in independent research work and/or professional activity by integrating the most recent knowledge in economy and related science fields under varying and unpredictable conditions, formulate economic arguments and assumptions, generate genuine ideas and apply them in the context of research in economics.
9. Develop and understand different attitudes and conduct constructive communication in collective solution of specialized issues in research and/or professional activity. Maintain discussions on relevant issues in economic practice and theory, including presentation of ideas, consultation, and expert assessment.
Activities of teaching and learning:
Teaching/learning activities create conditions for achieving study results. Active teaching/learning activities are used in the studies: problem-based teaching, case analysis, project method, teamwork, presentation of students' independent works and discussions. The following methods are usually used in practical sessions: expert method, interactive methods (examination of defined conditions/topics during seminars, exercises using IT tools), scenario creation methods (by constructing options for presenting solutions of problems under defined conditions).
Methods of assessment of learning
achievements:
The assessment of student achievements is carried out in a ten-point system and is based on the achievement of evaluation criteria defined in the descriptions of study subjects, which are directly related to the study results. A cumulative assessment system of student achievements has been implemented at VMU. The final score for the subject achievement assessment is determined by the weighted average of intermediate assessments, independent work and exams grades during the semester. The evaluation weighting coefficients in the final assessment of achievements are specified in the description of the study subject, based on the provisions of the VMU Study Regulations. The structure of the student achievement assessment score is suitable for a comprehensive and objective assessment of achievements, as the applied cumulative assessment system motivates students to learn not during the exam session, but consistently.
Framework:
Study subjects (modules), practical
training:
Scientific Research Methodology
Applied Economic Analysis
Agricultural Economics and Sustainable Development
Agricultural Policy
Environmental Economics and Policy
Financial Economics
Local and Regional Economics
Applied Econometrics
Innovation Economics
Agri-Food Markets Analysis
World Food Economics
International Trade of Agri-Food Products
Specialisations:
-
Optional courses:
International Finance
Business Strategic Management
Welfare Economics and Policy
Distinctive features of a study
programme:
The programme is designed to educate Masters of Economics who will be capable of working in a professional, responsible and creative way making decisions for business and policy in the field of agriculture, food, fiber, bioenergy production and distribution, development of competitive and socially responsible business according the challenges of sustainable development, economic globalization and trade liberalization.
Access to professional activity or further study:
Access to professional activity:
Graduates of the programme are welcome to work in agricultural, processing, food, fiber and bioenergy production industries as well as at agricultural businesses supporting financial institutions and agencies. They will be able to work as consultants at business and state organizations, agricultural and rural policy makers and implementers at governmental institutions, as well as the researchers and teachers at universities and professional schools.
Access to further study:
Graduates could continue studies at doctoral level in the fields of economics and management.
