Agriculture, Water & Forestry Economics

Using concepts and analytical tools grounded in applied economics, this subject studies agricultural, forestry, and water systems and the implementation and impact of policies that affect them. Topics include deforestation and the expansion of the agricultural frontier, property rights, sustainable forestry management, water allocation and water markets, salinity and other aspects of water quality, biodiversity and endangered species protection, carbon offsets and ecosystem services, pesticide use and organic production, biofuels, and food safety.

• 1Explain the economic fundamentals shaping agricultural, forestry, and water systems;
• 2Analyse the pricing strategies in agricultural, forestry, and water systems and their impact on consumers, businesses, and the economy;
• 3Describe the role of government intervention, subsidies, and regulatory frameworks in shaping agricultural, forestry, and water systems markets;
• 4Apply economic concepts to real-world issues in agricultural, forestry, and water systems.