Agricultural Policy and Rural Appraisal
A.Y. 2024/2025
Learning objectives
The course consists of two modules 1) Agricultural Policy and 2) Rural Appraisal and provides knowledge relating to both European policies and the regulatory context and to estimating practice aimed at professional activity. The learning objectives are:
Introduce basic and intermediate topics related to international trade in agriculture and agricultural and environmental policies, considering both an international and domestic dimension (European Union). Study of international trade models and related trade policies in agriculture.
Know the assessment of the impact of climate change in agriculture and the policies of mitigation and adaptation.
Know the fundamentals of estimation, the concepts of value, criteria and methods of estimation.
Apply private and public investment valuation methods, with particular reference to cost-income analysis and business plans.
Learn about property rights and indemnification processes.
Know the environmental assessment, the environmental impact assessment (EIA) and strategic (SEA) procedures.
Introduce innovative approaches such as International Valuation Standards (IVS).
Introduce basic and intermediate topics related to international trade in agriculture and agricultural and environmental policies, considering both an international and domestic dimension (European Union). Study of international trade models and related trade policies in agriculture.
Know the assessment of the impact of climate change in agriculture and the policies of mitigation and adaptation.
Know the fundamentals of estimation, the concepts of value, criteria and methods of estimation.
Apply private and public investment valuation methods, with particular reference to cost-income analysis and business plans.
Learn about property rights and indemnification processes.
Know the environmental assessment, the environmental impact assessment (EIA) and strategic (SEA) procedures.
Introduce innovative approaches such as International Valuation Standards (IVS).
Expected learning outcomes
Ability to use simple economic models to understand the effects of different commercial policy instruments in agriculture and of mitigation and adaptation policies to climate change. Know and know how to apply recent developments in the Common Agricultural Policy (CAP), environmental and food standards and issues relating to climate change to business processes.
Lesson period: year
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course can be attended as a single course.
Course syllabus and organization
Single session
Responsible
Lesson period
year
Prerequisites for admission
Agricultural policy: microeconomics (... perfect and monopolisitic competition models); statistics (elements of inferential statistics, regression linear model).
Rural appraisal: microeconomics
Rural appraisal: microeconomics
Assessment methods and Criteria
Agricultural policy:
Written test with 15 multiple choice questions, plus 1 open question that could be related to a more theoretical issue or to the discussion of an empirical article presented in formal lesson. Each multiple-choice question has a value of around 1.5 points; while the open question has a maximum value of 4-5 points. Useful material for the final exam are the exercises in the book at the end of each chapter (see also Feenstra&Taylor's solutions manual on Ariel,, relate to the UK versione of the book); List of readings in Ariel. The results of the exams will be communicated on Ariel.
Rural Valuation: a written test on General Valuation topics and a written test on Special Valuation topics
Written test with 15 multiple choice questions, plus 1 open question that could be related to a more theoretical issue or to the discussion of an empirical article presented in formal lesson. Each multiple-choice question has a value of around 1.5 points; while the open question has a maximum value of 4-5 points. Useful material for the final exam are the exercises in the book at the end of each chapter (see also Feenstra&Taylor's solutions manual on Ariel,, relate to the UK versione of the book); List of readings in Ariel. The results of the exams will be communicated on Ariel.
Rural Valuation: a written test on General Valuation topics and a written test on Special Valuation topics
Agricultural policy
Course syllabus
0. Introduction to the course
International trade theory and trade policy in agriculture
1. Neoclassic trade models: Ricardian model; specific factors model, Heckscher-Ohlin model;
2. New trade models: Economies of scale and imperfect competition;
3. Trade policies: Tariffs; Export subsidies and taxes; non-tariff barriers to trade (food standards)
4. International agreements on trade and the environment;
Economics of climate change, mitigation and adaptation policies
5. Agriculture and climate change (hints)
6. Measuring the economic impact of climate change in agriculture
7. Mitigation and adaptation policies and the Common Agricultural Policy
8. Applications
International trade theory and trade policy in agriculture
1. Neoclassic trade models: Ricardian model; specific factors model, Heckscher-Ohlin model;
2. New trade models: Economies of scale and imperfect competition;
3. Trade policies: Tariffs; Export subsidies and taxes; non-tariff barriers to trade (food standards)
4. International agreements on trade and the environment;
Economics of climate change, mitigation and adaptation policies
5. Agriculture and climate change (hints)
6. Measuring the economic impact of climate change in agriculture
7. Mitigation and adaptation policies and the Common Agricultural Policy
8. Applications
Teaching methods
The teaching is based on formal lessons, as well as on the presentation and discussion of specific empirical studies (papers) related to the different topics of the course; the classroom exercises can be based on specific homework assigned by the teacher.
Teaching Resources
Textbooks:
1. Feenstra R. C. e Taylor A. M. (2014). International Trade, Worth MacMillan, New York.
2. Tol S.J.R. (2018). Climate economics, Second edition, Elgar Publishing.
3. Teacher's Slides (available on Ariel)
4. Readings suggested by the teacher (available on Ariel).
1. Feenstra R. C. e Taylor A. M. (2014). International Trade, Worth MacMillan, New York.
2. Tol S.J.R. (2018). Climate economics, Second edition, Elgar Publishing.
3. Teacher's Slides (available on Ariel)
4. Readings suggested by the teacher (available on Ariel).
Rural appraisal
Course syllabus
ECTS 1
· Introduction: nature and object of valuation; characteristics of the valuation judgment; the ordinariness principle
· Valuation criteria
· The valuation method
ECTS 2
· F nature and object of valuation inancial statement for valuation: role and purpose; items in the financial statements and valuation methods
· Exercise on the financial statement for valuation
ECTS 3
· Information purposes of the accounting balance sheet
· Accounting: setup and opening operations
· Accounting: operating operations
· Accounting: closing operations and reclassification of the financial statements
· Cash Flow
ECTS 4
· Financial mathematics: simple and compound interest; annual and periodic values: accumulations and inverse operations;
ECTS 5
· Expropriations for public interest
· Easements
· Land and urban cadastre
ECTS 6
· International Standards
· Introduction: nature and object of valuation; characteristics of the valuation judgment; the ordinariness principle
· Valuation criteria
· The valuation method
ECTS 2
· F nature and object of valuation inancial statement for valuation: role and purpose; items in the financial statements and valuation methods
· Exercise on the financial statement for valuation
ECTS 3
· Information purposes of the accounting balance sheet
· Accounting: setup and opening operations
· Accounting: operating operations
· Accounting: closing operations and reclassification of the financial statements
· Cash Flow
ECTS 4
· Financial mathematics: simple and compound interest; annual and periodic values: accumulations and inverse operations;
ECTS 5
· Expropriations for public interest
· Easements
· Land and urban cadastre
ECTS 6
· International Standards
Teaching methods
The teaching is divided into lessons (5 ECTS) and exercises (1 ECTS)
Teaching Resources
M. Michieli, G.B. Cipolotti, Trattato di Estimo, Edagricole
Teachers' Slides (available on Ariel)
Teachers' Slides (available on Ariel)
Agricultural policy
AGR/01 - AGRICULTURAL ECONOMICS AND RURAL APPRAISAL - University credits: 6
Lessons: 48 hours
Professor:
Olper Alessandro
Shifts:
Turno
Professor:
Olper Alessandro
Rural appraisal
AGR/01 - AGRICULTURAL ECONOMICS AND RURAL APPRAISAL - University credits: 6
Practicals: 16 hours
Lessons: 40 hours
Lessons: 40 hours
Professor:
Sali Guido
Shifts:
Turno
Professor:
Sali GuidoProfessor(s)
Reception:
by appointment
DISAA