Agri-Food economics
cod. 1008474

Academic year 2022/23
2° year of course - Second semester
Professor
MENOZZI Davide
Academic discipline
Economia ed estimo rurale (AGR/01)
Field
Attività formative affini o integrative
Type of training activity
Related/supplementary
72 hours
of face-to-face activities
9 credits
hub: PARMA
course unit
in ITALIAN

Learning objectives

Understanding the Italian and European agri-food system, both with a supply chain and sectorial perspective. In particular, the course aims to:
- develop the knowledge of issues concerning the role of agriculture and the agri-food system in the economic development, the characteristics of the demand and supply of food products, the functioning and organization of the agri-food system and the companies involved;
- deepen the theoretical and operational implications deriving from the presence of market failures (externalities / public goods, transaction costs and information asymmetry);
- provide the tools to understand current agricultural policies on international markets and the role of the agri-food system in environmental conservation, sustainability, promotion of rural and territorial development, and health protection.
The expected learning outcomes are:
1) Knowledge and understanding: knowledge of the organization of the agri-food system; knowledge of food quality schemes in the agri-food sector (voluntary certifications, geographical indications, etc.); knowledge of the main sustainability dimensions related with the agri-food system; knowledge of the evolution of the Common Agricultural Policy (CAP) and current frame of the agricultural support and rural development policies; knowledge of the economic aspects of the evaluation of food safety regulations and policies.
2) Application skills: apply the principles of math to the analysis of simple economic models of supply and demand; assess the food quality from an economic and marketing perspective; apply the organizational knowledge of the agri-food system to real case studies; identify and evaluate the sustainability factors of the agri-food chains; apply the financing policies of agriculture and rural development to case studies; identify the factors to be taken into consideration for the economic evaluation of food safety policies.
3) Independent judgment: evaluation and interpretation of simple mathematical models; develop a scientific approach to bioethical problems (e.g. GMOs); evaluate the quality-price ratio of food (value for money); critical use of data from scientific literature; evaluation of teaching.
4) Communication skills: written and oral communication through the scientifically correct vocabulary of the subject; ability to present, transmit and disseminate information on topics related to food (from production to consumption); ability to communicate with experts or non-experts in the food production sector, and when initiated to work to superiors and / or customers; ability to communicate and collaborate in working groups in the food sector.
5) Ability to learn: ability to consult bibliographic material, databases relating to food (including market and sectorial data) and regulatory tools related with food; ability to critically consult food-related websites; develop a scientific approach to bioethical issues related to the production, trade and consumption of food; ability to participate in seminars and training study days; ability to successfully carry out the Master's Degree courses of related classes.

Prerequisites

Propaedeutic courses are not required

Course unit content

The course, after a brief introduction illustrating the main analytical tools of microeconomics (demand and supply market, theory of production), illustrates the institutional and organizational dynamics involved in production, processing and retail of food products, including food quality and safety standards (e.g. PDO, PGI, organic production, etc.). This course allows also students to gain knowledge about the public intervention in the agri-food system, with a specific analysis of the EU policies for agriculture, rural development, food quality and safety.

Full programme

1) Micro-economics: demand and supply; perfect competitive markets; theory of production.
2) Agri-food system organisation: supply chain; vertical and horizontal integration process.
3) Cooperatives and producer’s associations: cooperatives’ role in the agri-food system; elements of the cooperatives’ balance sheet.
4) Sustainability in the agri-food sector, sustainability of the short supply chains, sustainable diets, food loss and waste.
5) Quality specification in the agri-food system and Geographical Indications: quality attributes of food products; asymmetric information, moral hazard and adverse selection; compulsory public regulations; voluntary certification schemes; economics of traditional and quality certified products (e.g. PDO/PGI).
6) Agricultural policy: evolution of Common Agricultural Policy (CAP); market sustain and rural development policies (multifunctionality.
7) Food safety economics and policy: European Union policy for food safety; risk perception of the public; economics of the food policy.

Bibliography

- Textbook edited by the teacher "Economics of the Agrifood System".
- Further readings will be uploaded on the Elly portal.
- For international students (e.g. Erasmus) separate material will be provided in English through the Elly portal.

Teaching methods

Lessons will be organized face-to-face with the possibility of using the lessons also remotely, if necessary (e.g. lockdown), in synchronous (via Teams) and/or asynchronous mode (uploaded on the Elly page of the course).
The teaching will be carried out through lectures in the classroom with the help of slides that will represent teaching material, in addition to the recommended text. The slides will be available online on the Elly page of the course in pdf format for students. The lessons also include the discussion of examples of the most recent real cases. For this reason, the slides, which are gradually updated for each topic, will be uploaded to Elly before each topic covered and not all together at the beginning of the course. During the lessons, the appropriate use of technical language will be reiterated, and the links between the various parts of the course will be emphasized. For this reason, the presence and active participation of students is strongly encouraged.

Assessment methods and criteria

At the end of the course, the learning level of the expected results will be verified for all the contents offered during the lessons.
The final exam will be written with 30 closed-answer questions and at least one open-ended question.
The student’s knowledge will be evaluated with questions concerning the whole program. The competences that will be evaluated concern the student's ability to apply these concepts to case studies proposed during the exam by the professor.
In the test, each of the closed-ended questions will be awarded one point for each correct answer, while there are no penalties for incorrect answers. Therefore, the maximum score obtainable will be 30/30. The open question(s) will be corrected only if the student has obtained a minimum score of 18/30 in the test.
The criteria used to evaluate the student on the open answer question(s) are: a) ability to elaborate the knowledge transmitted during the course, applying them to the concrete cases proposed by the teacher in the exam question(s); b) ability to argue their answers with references to economic theories, possibly through the use of formulas and graphs, to analyze from an economic point of view the proposed case studies, c) methods of linguistic exposure and use of specific terminology . For each open-ended question, these three indicators will be weighed as follows: a) 50%, b) 30%, c) 20%. Closed-ended questions will be multiple-choice questions in which the student must indicate the correct answer(s), or the wrong answer(s).
The final score will be determined as follows: a score out of thirty will be assigned for the open-ended question(s) using the weights for the three criteria. A weighted average of the scores will be carried out, considering a weight of 50% for the evaluation of the test, and of 50% for the evaluation obtained in the open-ended question(s). To obtain the sufficiency the candidate needs an overall score greater than or equal to 18.
The exam results are published on the ESSE3 portal (https://unipr.esse3.cineca.it/Home.do) within a reasonable time compatible with the number of students enrolled. Students can view the exam by making an appointment with the teacher.
If carried out in person, an intermediate test is scheduled using the same methodology as the final exam, concerning a part of the program (approx. the first 4 chapters of the program). The evaluation of the intermediate exam, expressed in /30, will remain valid for the entire summer exam session. The evaluation of the second test, which will focus on the remaining part of the program, will be used to calculate the arithmetic average with the evaluation of the first partial test in order to obtain the final evaluation. If the candidate does not pass the second test, or refuses the final grade obtained, he can repeat the second test, within the limits of the summer exam session.
If it is impossible to take the written exam in classroom due to rules imposed by the University, the exam will be carried out remotely through an online test and an interview through Teams.
The assessment of the level of knowledge acquired also takes into consideration how the student is able to express himself correctly, with the specific scientific language of economics.

Other information

In case of serious health emergency, the methods of teaching and verifying learning may undergo changes which will be promptly communicated on Elly and/or on the course website.