University of Guelph

1996-97 Undergraduate Calendar


XII--Course Descriptions

Agricultural Economics

Department of Agricultural Economics and Business

02-222 Financial Accounting F,W(3-3)

An introductory course designed to develop an understanding of current accounting principles and their implication for published financial reports of business enterprises. The course approaches the subject from the view of the user of accounting information rather than that of a person who supplies the information.

Prerequisites: 1 of 05-324, 36-110, 36-120, 36-121.

02-223 Management Accounting F,W(3-3)

This course emphasizes the use of accounting information to facilitate effective management decisions. Topics include cost determination, cost control and analysis, budgeting, profit-volume analysis and capital investment analysis.

Prerequisites: 02-222

02-270 Survey of Natural Resource Economics W(3-1)

Natural resources in broad economic perspective. A discussion of factors that shape decisions concerning their use (or misuse), with illustrations of topical interest. This course is not normally offered to 7th or 8th semester students.

Prerequisites: 36-120 or 36-121.

02-306 Statistical Research Methods F(2-2)

Application of basic statistical methods to economic problems; experimental design and analysis of variance models, simple linear and curvilinear correlation and regression models; sampling and sample design; non-parametric methods in dealing with qualitative data. (Last offering F96.)

Prerequisites: 02-227, 36-374

02-323 Agricultural Finance W(3-0)

Analysis of farm production, economic and financial decisions. Includes the study of farm record systems, farm firm organization, and the credit policies and institutions which affect farm management decisions. Economic and investment theories are applied to farm resource acquisition, control, growth, transfer and management. (Last offering W97.)

Prerequisites: 02-223

02-324 Agricultural Price Analysis W(3-0)

A course in applied microeconomics that indicates how microeconomic theory is used in agricultural economics research and how this research and theory can be applied to questions of public policy. Emphasis is placed on how theoretical relationships can be quantified and the interpretation of economic models.

Prerequisites: 36-374

02-329 Production Economics W(3-0)

The neoclassical theory of the firm is used to analyze production and resource use in agriculture. The concepts of duality and intertemporal resource allocation issues are explored. Models of risk-responsive competitive firms are studied.

Prerequisites: 02-227 or 36-277

02-331 Operations Management F,W(3-0)

The decision-making role of the operations manager in transforming inputs into desired outputs is the primary focus of this course. The major issues and problems of designing, scheduling, operating, and controlling the production system will be examined.

Concurrent: 02-223

02-332 Financial Management F,W(3-0)

The viewpoint taken in the course is that of the senior financial officer of a business firm. The focus is on the management of cash, accounts receivable, inventory and short and intermediate term liabilities. Emphasis is placed on the analysis and forecasting of financial statements, and financial modelling for planning and controlling the growth of the business enterprise.

Prerequisites: 02-223 or 54-307.

02-333 Intermediate Accounting F(3-0)

A critical evaluation of accounting concepts, principles and practices in relation to both the traditional and current value accounting measurement models. Emphasis will be on the effect of alternative accounting practices and measurement models on income determination and asset valuation.

Prerequisites: 20 course credits including 02-222

02-400 Agricultural and Food Policy W(3-0)

A critical analysis of agricultural income, marketing, adjustment and trade problems and policies in the developed countries, with particular emphasis on Canadian agricultural policies.

Prerequisites: 30 course credits including 36-231

02-401 Rural Development Policy F(3-0)

Study of the nature of rural development, the problems facing rural communities, and alternative solutions. Emphasis is placed on identifying problems, studying background materials such as public decision-making, property rights, taxation, zoning, etc., and developing communities through industrialization, recreation, agricultural business and the creation of new employment centres. (Last offering F97.)

Prerequisites: 4 semesters of university study with a broad background in agricultural and social sciences.

02-421 World Agriculture and Economic Development F(3-0)

The role of agriculture in economic development. Analyses of economic policies and programs in developing countries and their effect on economic development.

Prerequisites: 20 course credits including agricultural, biological and/or social sciences or arts.

02-422 Advanced Farm Management W(2-3)

A course to follow 02-420 which is oriented toward practical application of theory and analytical principles to the identification, analysis and solution of farm business organization/management problems. Students work on a major farm project as management consultants with a farm owner/operator. The course builds upon students' prior training in accounting, finance, mathematical analysis, computer applications, economics, agriculture and farm management.

Prerequisites: (02-332, 02-227 or 36-277) or 02-420 or instructor's approval.

02-424 Futures and Options Markets W(3-0)

An introduction to the study of the theory and application of futures, options and other derivative instruments for marketing, hedging, investment and speculative purposes. Emphasis is placed on applications of agricultural and financial instruments to real business situations.

Prerequisites: 1 of 02-224, 02-332, 02-2402, 36-356, 36-366.

02-425 Business Policy F,W(3-0)

Business policy is a synthesis of the principles of business management with emphasis upon the formation of business decisions and policies. The purpose of this course is to enable the student to draw on analytic tools and factual knowledge from all other courses in analyzing comprehensive business problems.

Prerequisites: 02-331, 02-332, 36-356.

02-429 Land Economics F(3-0)

Economic principles and practice in allocating land among agricultural, urban and other uses in regional systems; contemporary trends, problems and policies in land planning, land purchase, valuation, mortgages and credit; assessing and taxing property. (Offered in even-numbered years).

Prerequisites: 02-270 or 36-231

02-431 Resource Economics W(3-0)

Economic issues in public policy affecting natural resources; theory of conservation; techniques and methods of analysis in natural resource economics.

Prerequisites: 02-270 or 36-231

02-436 Marketing Research W(3-0)

A study of the marketing research function in business with emphasis on its role in providing information to assist managers in making marketing decisions.

Prerequisites: 1 university level course in statistics.

02-437 Marketing Management F,W(3-2)

The course focuses on the decision making role of the marketing manager who is responsible for formulating the strategic marketing plan. The theory of selecting market target(s) for the firm's product and/or services and the development of the marketing mix (product, price, promotion, distribution) with the aid of market research is covered. Note: Students with credit for this course may not proceed to 26-100.

Prerequisites: 20 course credits, (02-223 or 26-260).
Exclusions: 26-437

02-441 Sales and Sales Management W(3-0)

This course is designed to develop professional selling skills. It includes the development of background knowledge in sales techniques as well as the application of this material to professional selling. Students will learn to plan, execute, and evaluate sales programs.

Prerequisites: 20 course credits.

02-450 Decision Science F(3-0)

Quantitative techniques such as classical optimization, mathematical programming, simulation and input-output models are applied to firm, interregional, industry, and international problem situations in agricultural economics, including those dealing with resources and the environment. Time and risk and uncertainty dimensions are addressed.

Prerequisites: 02-227 or 36-277

02-472 Special Study in Agricultural Economics S,F,W(3-0)

The special study option is designed to provide senior undergraduate students with an opportunity to pursue an independent course of study. The topic selected will be determined by agreement between the student and the faculty member with expertise in the area. (Last offering W98.)

Prerequisites: previous study related to the topic area and 30 course credits.

1996-97 Undergraduate Calendar
XII--Course Descriptions

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Last revised: August 28, 1996. Contact: