ECONOMIA AGRARIA ED ESTIMO
Module ECONOMIA AGRARIA

Academic Year 2025/2026 - Teacher: ROBERTA SELVAGGI

Expected Learning Outcomes

Knowledge and understanding abilities – The course provides students with an in-depth understanding of microeconomic principles applied to agricultural production, entrepreneurial decision-making, and the organization and management of the farm business. It also addresses methods of farm economic analysis, business planning, and the evaluation of investments in the agricultural sector.

Ability to apply knowledge and understanding abilities – By the end of the course, students will be able to apply microeconomic models and business analysis methodologies to assess the economic performance of an agricultural enterprise, support managerial decisions, and prepare business and investment plans.

Making judgements – The diversification of teaching activities will help to enhance independent judgement and critical thinking skills. Students will develop the ability to critically analyze data and information related to farm management, identify economic and managerial issues, and propose solutions consistent with the objectives and resources of the agricultural enterprise.

Communication skills – Attendance at lectures and the reading of recommended texts will help students acquire and use technical terminology; the use of study materials in English will also provide the foundations of technical language in this language. The course fosters the development of oral and written communication skills, enabling students to clearly and effectively present economic analyses, business projects, and investment appraisals, including through the use of multimedia tools and technical reports.

Learning skills – At the end of the course, students will have acquired the theoretical and practical tools to continue independently exploring topics in agricultural economics, management, and business planning. These skills will be useful not only for pursuing further studies, but also in contexts of professional development and continuing education.

Course Structure

The teaching methods include lectures, seminars and coworking among students. In addition, teaching visits will be held.

Information for students with disabilities and/or learning disorders.
As a guarantee of equal opportunities and in compliance with current regulations, students can ask for a personal interview in order to plan any compensatory and/or dispensatory measures, based on their specific needs and on learning objectives of the discipline. It is also possible to refer to the departmental contacts of CInAP (Center for Active and Participatory Inclusion - Services for Disabilities and/or learning disorders).
If conditions require teaching given in a hybrid mode or remotely, necessary changes may be introduced to what previously stated in order to comply with the program.

Required Prerequisites

  • Fundamental concepts of mathematics applied to economics (functions, derivatives, systems of equations).
  • Ability to read and interpret graphs on Cartesian axes and to plot lines and curves.
  • Introductory knowledge of descriptive statistics and data interpretation.

Attendance of Lessons

Attendance is not mandatory but strongly recommended.

Detailed Course Content

General concepts. Economic assets and consumer choice. Analysis of the economic theory of supply and demand. Theory of the enterprise. Market and its functioning. Production and the entrepreneur's choices. Structure and management of agricultural production units. Problems and methods of business planning. Models of business economic analysis. Choice of business investments.

Textbook Information

1) Samuelson P.A:, Nordhaus W.D., Bollino C.A. (2012):“Economia”. XIX Edizione, McGraw-Hill, (MI).
2) Dominik Salvatore, (2010): "Microeconomia" Teoria e applicazioni. V edizione, Franco Angeli (MI):
3) Messori F. (2007): “L’azienda agraria” – Introduzione all’economia dell’unità di produzione agricola. CLUEB (BO)
4) Iacoponi L., Romiti R., (2004): “Economia e Politica Agraria”, Ed agricole Bologna.

Other teaching material will be made available in the repository STUDIUM and will include:

  • Copies of the power points presented during the classes and seminars.
  • Scientific articles and other material.
  • Examples of solved exam exercises.

Course Planning

 SubjectsText References
1General aspect of agricultural economicsBook 1 - Chapter 1
2Economic good and needsBook 1
3Theory of consumer behaviourBook 2
4The concept of utility and its maximisationBook 2
5Budget constraint and indifference curvesLessons
6Supply and demandBook 2
7Market and its main formsBook 2
8Enterprise and FarmingBook 3
9Economic balance sheets of farmsBook 3
10Analysis of the farm's economic resultsBooks 3 and 4

Learning Assessment

Learning Assessment Procedures

Assessment of the student's knowledge will be made according to the following criteria: the student's ability to learn and level of istudy of the topics discussed, property of synthesis and exposition, and the student's ability to argue. To this scope, it is planned:
- a written midterm test;
- a final oral test.
The grade is expressed in thirtieths. The exam is considered passed if the student achieves a grade of at least eighteen thirtieths.
If necessary, the learning assessment procedure may also be conducted on-line.

The grading will be as follows:
Unsuitable
Knowledge and understanding of topic: Significant deficiencies. Significant inaccuracies
Ability to analyse and synthesise: Irrelevant. Frequent generalisations. Inability to summarise
Use of references: Completely inappropriate
18-20
Subject knowledge and understanding: At threshold level. Obvious imperfections
Capacity for analysis and synthesis: Barely sufficient capacity
Use of references: Barely appropriate
21-23
Knowledge and understanding of the subject matter: Routine Knowledge 
Ability to analyse and synthesise: Is able to analyse and synthesise correctly. Argues logically and coherently
Use of references: Uses standard references
24-26
Knowledge and understanding of subject matter: Good knowledge
Analysis and synthesis abilities: Has good analysis and synthesis abilities. Arguments are expressed coherently
Use of references: Uses standard references
27-29
Knowledge and understanding of the subject: Knowledge more than good
Capacity for analysis and synthesis: Has considerable capacity for analysis and synthesis
Use of references: Has deepened the arguments
30-30L
Knowledge and understanding of the subject: Very good knowledge
Capacity for analysis and synthesis: Has considerable capacity for analysis and synthesis.
Use of references: Has significant in-depth knowledge.

Examples of frequently asked questions and / or exercises

  • Supply and Demand
  • Market models
  • Economic goods and consumer choice
  • The production function
  • The cost function
  • Business planning methods
  • Choice indicators for business investments
  • Land rent