AGRIBUS 3017WT - Business Management for Applied Sciences III
Waite Campus - Semester 2 - 2018
General Course Information
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 Available for Study Abroad and Exchange Y Course Description 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.
Course Coordinator: Mr Darren Koopman
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning Outcomes
On successful completion of the course students should be able to:
calculate and record financial aspects of a farm business using a complex spreadsheet,
demonstrate their understanding of farm financial analysis, including the influence of physical, financial, and human resources,
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,
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,
explain the imperatives of productivity improvement, innovation, and superior business management performance by farm managers,
discuss key principles of production economics theory, and its relevance to management decision making,
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) Deep discipline knowledge
- informed and infused by cutting edge research, scaffolded throughout their program of studies
- acquired from personal interaction with research active educators, from year 1
- accredited or validated against national or international standards (for relevant programs)
1,2 Critical thinking and problem solving
- steeped in research methods and rigor
- based on empirical evidence and the scientific approach to knowledge development
- demonstrated through appropriate and relevant assessment
2,3 Teamwork and communication skills
- developed from, with, and via the SGDE
- honed through assessment and practice throughout the program of studies
- encouraged and valued in all aspects of learning
5 Self-awareness and emotional intelligence
- a capacity for self-reflection and a willingness to engage in self-appraisal
- open to objective and constructive feedback from supervisors and peers
- able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
Required ResourcesNo specific text books are required for this course
Learning & Teaching Activities
Learning & Teaching ModesLectures will be intergrated with case study tutorials to develop the concepts covered in lectures
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 Task Task Type Due Weighting Learning Outcome Assignment Summative
10% 1,2,9 Case study report Formative and Summative Week 12 50% 3,4,5 Exam Formative and Summative Exam period 40%
Assessment DetailAssignment - 10%
Case Study Report - 50%
Exam - 40%
If an extension is not applied for, or not granted then a penalty for late submission will apply. A penalty of 10% of the value of the assignment for each calendar day that the assignment is late (i.e. weekends count as 2 days), up to a maximum of 50% of the available marks will be applied. This means that an assignment that is 5 days late or more without an approved extension can only receive a maximum of 50% of the marks available for that assignment.
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.
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.
- Academic Support with Maths
- Academic Support with writing and speaking skills
- Student Life Counselling Support - Personal counselling for issues affecting study
- International Student Support
- AUU Student Care - Advocacy, confidential counselling, welfare support and advice
- Students with a Disability - Alternative academic arrangements
- Reasonable Adjustments to Teaching & Assessment for Students with a Disability Policy
- LinkedIn Learning
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangement Policy
- Academic Honesty Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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.
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