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| Code: |
ag2033 |
| Course of studies: |
Graduate (Ms) |
| Semester: |
W |
| Activities: |
L (30) + A (25) + S (5) = 60 (hrs) | 6 (ECTS) |
| Coordinator: |
Assist. Prof. Mario Njavro |
| Assistants: |
Lari Hadelan, Ph.D. |
| Teaching activity: |
Block Lectures |
| Examination: |
Written and Oral |
Description of module
Risk and uncertainty in agribusiness has been area of intensive scientific interest during last few decades. Biological characteristics of agriculture together with the new business environment which includes globalisation and liberalisation of the food and agricultural markets, climate change, livestock epidemics and plant diseases as well as food safety and security demands additionally emphasise risk component in business. On the other side, risk taking is preconditions of the business success or profit is nothing but premium on risk. In that establishment and application of efficient agricultural risk management become imperative. Module through lectures, auditory practice (including case studies) and seminars gives overview of the modern risk analysis, risk management and decision management theory.
Module enables students to reach expertise level in the risk analysis, application of the decision theory and business modelling and give them with tools for rational, efficient and scientifically based decision making under uncertainty.
Expected learning outcomes
- Critically evaluate risk and decision problems within the field of agriculture and agribusiness.
- Structurally and independently analyze risk (chose and apply quantitative methods in risk assessment).
- Solve analytical decision problems within the field of agriculture.
- Decide, create and suggest adequate risk management strategies.
- Independently and in cooperation evaluate the implementation of risk management strategies within authorities, companies and organizations
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