Unit AGRO.FOOD ECONOMICS AND RURAL APPRAISAL
- Course
- Agricultural and environmental sciences
- Study-unit Code
- 80001512
- Curriculum
- Agricoltura sostenibile
- Teacher
- Angelo Frascarelli
- CFU
- 12
- Course Regulation
- Coorte 2016
- Offered
- 2018/19
- Type of study-unit
- Obbligatorio (Required)
- Type of learning activities
- Attività formativa integrata
AGRO-FOOD ECONOMICS AND RURAL APPRAISAL
| Code | 80005606 |
|---|---|
| CFU | 6 |
| Teacher | Angelo Frascarelli |
| Teachers |
|
| Hours |
|
| Learning activities | Caratterizzante |
| Area | Discipline economiche estimative e giuridiche. |
| Sector | AGR/01 |
| Type of study-unit | Obbligatorio (Required) |
| Language of instruction | Italian |
| Contents | Agricultural company and agricultural enterprise (CFU 2,0) Factors of agricultural production, macroeconomic view (CFU 0,5) Agro-industrial system. Food demand and food consumption. Agrofood systems and supply (CFU 1,0) Transactions between components of the agrofood system (CFU 0,5) Common Agricultural Policy (CFU 1,5) Constraints and opportunities for the agricultural and food system Food quality policies (CFU 0,5) |
| Reference texts | Material provided by the teacher. Malassis L., Ghersi G. (1992), Introduzione all'economia agroalimentare, Il Mulino, Bologna. Bruni F., Franco S. (2013), Economia dell’impresa e dell’azienda agraria, Il Mulino, Milano. Commissione europea, Come funziona l'Unione europea, Ufficio delle pubblicazioni ufficiali delle Comunità europee, 2014, Bruxelles. |
| Educational objectives | This Course aims to provide students with a wide knowledge of the agricultural and food system, its components and its relations with the whole economic and political system, both Italian and international. It considers the elements of agricultural production in their microeconomic and macroeconomic aspects and how to prepare budget and financial statement for a farm. It analyses the components of modern agro-industrial system (production, processing, distribution, consumption), the relationship between its players, constraints and opportunities. The students will learn basic knowledge about objectives and instruments of public intervention in the agricultural and food sector, at both EU and national levels, and about food quality policies. |
| Prerequisites | In order to properly understand the contents of the Course, you must have successfully supported the examination of Economics Institutions. |
| Teaching methods | Classroom lessons: 42 hours Classroom exercises: 10 hours Seminars with external experts: 2 hours Educational visits: 6 hours Projection of videos during the lessons |
| Other information | Other activities: - Visits to farms. - Visits to food-processing cooperatives and plants, agricultural services companies. - Workshops and seminars. |
| Learning verification modality | Ongoing tests: yes – reports on practical case studies, prepared using both MS Word and MS Excel. Final written test: 30 multiple-choice questions – time 15 minutes Final oral exam: 8 questions about theoretical aspects of the module issues, in order to assess the student’s knowledg and comprehension, together with his/her ability of exposition – time 45 minutes ca. Ongoing test assessments: multiple-choice tests. Assessment at the end of some lessons or practical exercises. Individual written reports home-based: yes, as an alternative to the ongoing classroom exercises. |
| Extended program | Farm and agricultural enterprise (2,0 credits) Factors of production. Farm and agricultural enterprise. Types of companies. Agricultural companies in Italy and their size distribution. Types of enterprises. Types of management. Structural and comparative analysis of Italian agricultural companies. The budget as a tool for analysis. How to calculate economic results of an agricultural company. Factors of agricultural production: macroeconomic aspects (0,5 credits) Land. Land property in Italy. Land reorganisation and land reforms. Agricultural rent. Capital: circulating capital and fixed capital. Agricultural machinery and their operating costs. Livestock. Labour in agriculture. Rural population and agricultural population. Employment in agriculture. Peculiarity of agricultural employment and labour. Evolution in the Italian agricultural system. Agro-industrial system. Food consumption and food demand. Agrofood systems and supply (1,0 credits) Components of the Italian agro-industrial system. Instruments for analysing the agro-food system. Balance of food sector. Aspects of food demand. Food consumption. Aspects of agricultural and food supply. Food industry. Dinamycs of enterprises in the agro-industry. Food distribution. Types of producer organisations. The agricultural and food system in Italy. Main agro-food subsectors. Competitiveness in agro-food subsectors. The industry of technical means for agriculture. Farmers' professional organisations. Services for agriculture. Transactions between components of the agro-food system (0,5 credits) The setting of basic prices on the agricultural market. Relationship between the components of a subsectors. Types of horizontal and vertical integration in agriculture. Cooperation and organisations in agriculture. Contract economics. Common Agricultural Policy (1,5 credits) The European Union: its institutions and policies. The Common Agricultural Policy (CAP): market policy. Forms of price controls, market stabilisation and income stabilisation. CAP stages and evolution. Evolution of the EU market policy. The MacSharry Reform. Agenda 2000. The CAP reform in 2003. Decoupling. The new CAP 2014-2020. Food quality policies (0,5 credits) Mandatory and non-mandatory rules regarding food quality. Protected designations of origin (PDOs). Organic agriculture. Traceability. Practical exercises on: 1. Depreciation expenses. 2. Descriptive report of an agricultural company. 3. Crop budget. 4. Budget and financial statement for the agricultural company. 5. Extraction and processing of statistical data from databases 6. Food prices: data gathering in the food distribution chains. |
RURAL APPRAISAL AND ACCOUNTING
| Code | 80119106 |
|---|---|
| CFU | 6 |
| Teacher | Angelo Frascarelli |
| Teachers |
|
| Hours |
|
| Learning activities | Caratterizzante |
| Area | Discipline economiche estimative e giuridiche. |
| Sector | AGR/01 |
| Type of study-unit | Obbligatorio (Required) |
| Language of instruction | Italian |
| Contents | The Module presents a set of evaluation methods of professional relevance. Firstly, the basic notions of financial calculation necessary for the purposes of evaluations are provided. Then we move on to illustrate the problem of evaluating private goods and services and to present the corresponding evaluation methods. Therefore specific evaluation cases are addressed. Subsequently, the problem of evaluating environmental assets is considered, due to their relevance in the agro-industrial production and consumption processes and in rural economies. The specific methods of evaluation of these goods are therefore presented. |
| Reference texts | 1-V. GALLERANI, G.ZANNI, D.VIAGGI, Manuale di Estimo, McGrawHill, 2008 (con casi di studio online) 2- Materials managed by the Teacher |
| Educational objectives | The objective of the Module is to provide the student with the basic knowledge in terms of: • Methodological principles and tools for evaluation; • Fundamentals for the analysis of the economic-financial results of the company; • Fundamentals for the analysis of private investment projects; • Evaluation methods of private and public goods and services; • Basic knowledge of the evaluation of environmental assets. The main skills (ability to apply the acquired knowledge) will be: • to elaborate the economic-financial analysis of a private investment project (professional level) • carry out the market evaluation of a rustic fund (professional level) • develop a simple multi-criteria analysis (first level of learning) • draw up a simple environmental impact assessment (first level of learning) |
| Prerequisites | The student has to pass the examination of Economics (istituzioni di Economia). Moreover, it useful to have fruitfully attended at the lecturing of the first Module Agricultural Economics and Policy (Economia e Politicca Agraria) or, alternatively, it useful to cope with study of the analysis of the economic and financial outcomes of the agricultural enterprise. The following are necessary knowledge to attend effectively at this Module lecturing: a) concepts of production function, supply, demand, price, cost, market equilibrium; b) economic classification of the goods (private, public, common and club goods); c) notion of farm and agricultural enterprise, agricultural productive factors; d) balancesheet of the agricultural enterprise. |
| Teaching methods | The teaching activity is carried out through lectures (42 hours), individual exercises and in the classroom (total 18 hours) The course is organized in classroom lectures on the topics listed in the program (42 hours) and with exercises in the classroom on the topics covered. The teaching material is made available by the teacher through Moodle. For each topic, students will perform a self-assessment test with closed answers in the classroom (duration 5 minutes). After the course in the classroom, each test will be available for study purposes also in Moodle. The tests concern in particular: Test 1: Definitions of financial mathematics Test 2: Analysis of private investments Test 3: Definitions and estimation postulates Test 4: Criteria and procedures for the estimation of private goods and services Test 5: Methods of evaluation of environmental assets Test 6: Multicriteria Analysis Test 7: Evaluation of environmental impact The exercises cover: Evaluation of private investments in agro-industry and rural activities (6 hours); Multicriteria analysis of environmental goods (6 hours); Environmental impact analysis of environmental goods (6 hours) |
| Other information | Frequency recommended seat Classroom of the Department of Agricultural, Food and Environmental Sciences, University of Perugia |
| Learning verification modality | The examination will be managed by through an oral test with the joint discussion of a brief individual written dissertation (Individual Report). The oral test concerns with an about thirty minutes discussion aimed at verifying the degree of knowledge and of understanding achieved by the student about the methodological contents of the Module. Moreover, the oral test aims at verifying: a) the student’s capability to identify the specific characteristics of the evaluation problems; b) the level of correctness in using the technical language specific of the Module. The brief individual written dissertation consists on the elaboration of the evaluation of a private investment and it has to be carried out by the student by the systematic supervision of the Teacher.The dissertation is aimed at verifying the student degree of achievement of competences. The dissertation has to be produced during the Module lecturing period. The dissertation report (Individual report) has to be completed and submitted to the teacher by the end of the Module lecturing period. The final evaluation of the student examination will be made by the average evaluations achieved in the oral tests and in the dissertation report: the oral test will be weighted by 5 credits and the dissertation report will be weighted by 1 credit (see the Programme section for details) |
| Extended program | a-Frontal Lectures (44 hours) 1.Financial mathematics, Financial calculation and the Investment Evaluation(8 hours) 1.1 Motivation of the use of the Financial mathematics. Definition: interest, rate of interest, financial operation, interest regimes. 1.2 Simple interest regime: calculus of interest, final amount, calculus of discount. Compound interest regime: calculus of interest, final amount, calculus of discount. 1.3 Classification of the yearly financial quantities: constant and variable; anticipated and posticipated; limited, unlimited. Final, initial and intermediate financial sum. Financial calculus of the restoration. Mortrage calculation. Polyannual financial values: definition, classification, final sum. 1.4 Evaluation of private investment in Agribusiness and rural activities: project schemes for Agribusiness and rural projects 1.5 Financial evaluation of the investments in the agribusiness: Net Present Value, Internal Rate Return. 2-Accounting Elements(12 hours) 2.1.Business Administration. Asset, Economics, Financial and Cash Business Cycle. Management and Accounting Function. 2.2.- Accountants records and their classification. Systems, methods, forms and accounting techniques.The rules of the method of the Double-Entry Accounting 2.3-Opening, running and closure of the accounting- The accounting balance sheet. 2.4-From the Accounting Balance Sheet to the Economics Balance Sheet and to the General Equation of the Balance Sheet. Linkages between Appraisal and Accounting. 3. Evaluation methods (24 hours) 3.1 Evaluation Methods of private goods and services (4 hours) 3.1.1 The evaluation problem: general characteristics and importance in the production and supply agribusiness systems 3.1.2 Definition of appraisal discipline; price and value; general characteristics, time and pursposeodf the evaluation. 3.1.3 Evaluation criteria: market value, cost value, transformation value, complementary value, surrogation value, capitalization value. 3.1.4 Evaluation procedures and process. 3.2 Professional study cases(10 hours) Evaluation Farm with synthetic procedure. Evaluation farm with analytical procedure. Rural Buildings evaluation. Farm evaluation analysis. Evaluation related at the agro-industrial contracts. Structure of the Evaluation Report. 3.3. Evaluation Methods of the Environmental Goods(10 hours) 3.3.1-The problem of the environmental goods: general aspects and relevance about of production systems and of agro-industrial supply. 3.3.2 Total economic value. use value, option value, existence value. 3.3.3. Evaluation methods classification 3.3.4 Monetary methods: defensive expenditures, cost of rehabilitation; short notes on travel costs, hedonic pricing, contingent valuation. 3.3.5 Non-monetary methods: multi-criteria analysis. Environmental Impact Assessment b-Tutorials (16 hours) Financial calculation and economic-financial analysis of a project of private agro-industrial investment (8 hours) Classroom exercises (8 hours): Multicriteria Analysis (first level of learning); Environmental impact assessment (first level of learning) |