Course overview
In this course, we will examine policies affecting food and agriculture using an economic framework and an international perspective. Students develop a solid understanding of the agricultural and food policy environment, the policy formulation process, and the role, rationale and economic consequences of government intervention in food and agricultural markets. They will develop the skills and working knowledge necessary to critically assess current and potential changes to domestic and global agricultural and food policy, trade policy, environmental and natural resource policy, and market regulations. They will use basic economic theoretical concepts and analytical tools to deal with the policy issues discussed. For example, students will gain experience conducting economic welfare analyses using various policy instruments and programs. Each topic is motivated by a current or emerging issue facing the food and agricultural sectors of the economy.
Course learning outcomes
- Demonstrate practical applications of policy analysis related to agriculture and food value chain issues
- Discuss the economic and political feasibility of policy changes and instruments
- Apply critical thinking to policies and policy reformsIdentify and analyse how public policy and firm and firm decisions affect agribusiness, market, and society
- Recognize policy-related problems and anticipate opportunities available in the market
- Write concise summaries of policies affecting the agricultural and food sectors, and argue orally their implications.