AGRIBUS 3017WT - Business Management for Applied Sciences III

Waite Campus - Semester 2 - 2014

The aim of this course is to provide perspective and understanding of the overall role of business and its place in the agricultural industry and the economy and to demonstrate linkages between various management functions. Aspects covered include what is business, business management, business planning, accounting management, marketing management, strategic planning, budgeting, decision making, organisation design, human resources management and monitoring.

Open All

Course Details

Course Code	AGRIBUS 3017WT
Course	Business Management for Applied Sciences III
Coordinating Unit	School of Agriculture, Food and Wine
Term	Semester 2
Level	Undergraduate
Location/s	Waite Campus
Units	3
Contact	Up to 3 hours per week
Assessment	Assignments, tutorial exercises, business plan, exam

Course Staff

Course Coordinator: Mr Darren Koopman

Course Timetable

The full timetable of all activities for this course can be accessed from Course Planner.

Course Learning Outcomes

1	On successful completion of the course students should be able to: calculate and record financial aspects of a farm business using a complex spreadsheet,
2	demonstrate their understanding of farm financial analysis, including the influence of physical, financial, and human resources,
3	discuss the key aspects of new products and enterprises possible for a farm business and how to choose a new enterprise, analyse its potential and integrate it into an existing business,
4	understand the need for careful management of a business’ human resources,
5	understand the process of recruitment both from the applicant’s and employer’s point of view,
6	understand the process of recruitment both from the applicant’s and employer’s point of view,
7	discuss the impact of planning, decision making and risk taking on a farm business, be aware of the changing contribution of agriculture to the Australian economy,
8	explain the imperatives of productivity improvement, innovation, and superior business management performance by farm managers,
9	discuss key principles of production economics theory, and its relevance to management decision making,
10	explain the key concepts of risk management including forward contracts, futures and hedging, options, and the application of futures and options to ‘over-the-counter’ risk management products

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

University Graduate Attribute	Course Learning Outcome(s)
Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised.	2,3,7,8,9,10
The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner.	1,2
An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems.	2,3,8
Skills of a high order in interpersonal understanding, teamwork and communication.	4,5,6
A proficiency in the appropriate use of contemporary technologies.	1
A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life.	2,9,10
A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community.	8
An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities.	2,4,5

Learning Resources

Required Resources

No specific text books are required for this course

Learning & Teaching Modes

Lectures will be intergrated with case study tutorials to develop the concepts covered in lectures

Workload

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

The course has three hours of teaching time allocated per week for lectures and tutorials.

Learning Activities Summary

Schedule
Week 1	Introduction to the course, Agriculture, Business and Agribusiness. Cashflow management
Week 2	Business Planning Process, Trends and current issues in the food and fibre system.
Week 3	Alternative Business Structures, Succession and estate planning
Week 4	Options for land use, information management, physical records
Week 5	Business administration and information management
Week 6	Gross margin budgets
Week 7	Price risk management, allowing for risk and uncertainity
Week 8	Financial records
Week 9	Human resource management
Week 10	Business finance, debt finance
Week 11	Budgeting for change, partial budgeting
Week 12	Financial Analysis, Business profitability, Financial performance indicators

The University's policy on Assessment for Coursework Programs is based on the following four principles:

Assessment must encourage and reinforce learning.
Assessment must enable robust and fair judgements about student performance.
Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
Assessment must maintain academic standards.

Assessment Summary

Assessment Task	Task Type	Due	Weighting	Learning Outcome
Assignment	Summative	Week 5	10%	1,2,9
Case study report	Formative and Summative	Week 12	50%	3,4,5
Exam	Formative and Summative	Exam period	40%

Assessment Detail

No information currently available.

Submission

No information currently available.

Course Grading

Grades for your performance in this course will be awarded in accordance with the following scheme:

M10 (Coursework Mark Scheme)
Grade	Mark	Description
FNS		Fail No Submission
F	1-49	Fail
P	50-64	Pass
C	65-74	Credit
D	75-84	Distinction
HD	85-100	High Distinction
CN		Continuing
NFE		No Formal Examination
RP		Result Pending

Further details of the grades/results can be obtained from Examinations.

Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

Final results for this course will be made available through Access Adelaide.

Student Feedback

The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
Student Support
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
Fraud Awareness

Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator