University of Guelph 1997-98 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.
Course Profile

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
Course Profile

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.
Course Profile

02-303 Price and Production Analysis W(3-2)

A course in microeconomic theory applied to agricultural economics research. The theory of the firm is used to analyze production and resource use in agriculture. Concepts of duality, intertemporal resource allocation issues and risk responsive decision-making are studied. Consumer theory is used to analyze food purchase decisions. How theoretical relationships are quantified and used in the analysis of public policy issues is emphasized.

Prerequisites: 36-231, 36-277.
Exclusions: 02-324, 02-329.
Course Profile

02-331 Operations Management W(2-1)

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.
Course Profile

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.
Course Profile

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.
Course Profile

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.
Course Profile

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.
Course Profile

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.
Course Profile

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: (01-2402 or 36-277, 02-332) or 02-420 or instructor's approval.
Course Profile

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 01-2402, 02-332, 02-2402 36-356, 36-366.
Course Profile

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.
Course Profile

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.
Course Profile

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.
Course Profile

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.
Course Profile

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.
Course Profile

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.
Course Profile

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.
Course Profile

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.
Course Profile

1998-99 Undergraduate Calendar
XII--Course Descriptions

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Last revised: November 4, 1997.