ECONOMICS OF FOOD SERVICE COMPANIES AND DISTRIBUTION
Module FOOD ECONOMICS

Academic Year 2022/2023 - Teacher: GIOACCHINO PAPPALARDO

Expected Learning Outcomes

The course aims to provide students with the tools to understand the agri-food system from a sectoral and supply chain perspective as well as from the market and consumer perspective. Students will acquire relative skills to analyse case studies using the knowledge acquired during the course.

At the end of the course, the student will acquire the necessary skills to analyze the dynamics that characterize the demand and supply of food products and related markets, the elements that determine the fixed and variable costs of the firm as well as the factors that regulate consumer preferences.

Course Structure

Frontal lessons and classroom exercises, as well as participation in any fairs and / or meetings.

The course is structured in 56 hours of which 28 hours of lectures and 28 hours of exercises.

If teaching is given in a mixed formula or remotely, necessary changes may be introduced to what was previously stated in order to comply with the provided and reported syllabus.

Learning assessment may also be carried out on line, should the conditions require it.

For any questions or clarifications, Gioacchino Pappalardo can be reached remotely or in presence on the days and in the manner reported on the web page: https://www.di3a.unict.it/docenti/gioacchino.pappalardo

As a guarantee of equal opportunities and in compliance with current laws, interested students can ask for a personal interview in order to plan any compensatory and/or dispensatory measures, based on their specific needs and on teaching objectives of the discipline. 
It is also possible to ask the departmental contacts of CInAP (Centro per l’Inclusione Attiva e Partecipata - Services for Disabilities and/or DSAs), in the persons of professors Giovanna Tropea Garzia and Anna De Angelis.

Required Prerequisites

No prerequisites are required.

Attendance of Lessons

Attendance of the lessons is not mandatory but is strongly recommended.

Detailed Course Content

1. Introductory elements of economics.
2. Introduction to microeconomics.
3. Markets and price system.
4. Supply and demand.
5. Theory of production costs.
6. Maximising business profit.
7. Agriculture from sector to system.
8. Industry and distribution of food products.
9. Structure and organisation of the agri-food system.
10. Consumer theory and food consumption trends.

Textbook Information

1. Teacher slides divided for each of the topics listed in the "Course Planning" section. The slides can be consulted and downloaded from the "Studium-Unict" website.

Course Planning

 SubjectsText References
1Introductory elements of economics.Slides teacher
2Introduction to microeconomics.Slides teacher
3Markets and price system.Slides teacher
4Supply and demand.Slides teacher
5Theory of production costs.Slides teacher
6Maximising business profit.Slides teacher
7Agriculture from sector to system.Slides teacher
8Industry and distribution of food products.Slides teacher
9Structure and organisation of the agri-food system.Slides teacher
10Consumer theory and food consumption trends.Slides teacher

Learning Assessment

Learning Assessment Procedures

Verification of learning is oral. The test is aimed at ascertaining the level of knowledge and understanding reached by the student on the contents indicated in the program.

Verification of learning may also be conducted on line, should conditions require it.

Evaluation of the student's preparation will be based on the following criteria: the student's ability to learn and level of in-depth study of the topics covered, the student's property of synthesis and exposition, and the student's ability to reason.

Grading will follow the following pattern:

Ineligible: 

Subject knowledge and understanding: Significant deficiencies. Significant inaccuracies

Ability to analyze and synthesize: Irrelevant. Frequent generalizations. Inability to synthesize

Use of references: Completely inappropriate


18-20:

Subject knowledge and understanding: At threshold level. Obvious imperfections

Ability to analyze and synthesize: Barely sufficient ability

Use of references: Barely appropriate


21-23:

Subject knowledge and understanding: Routine knowledge.

Ability to analyze and synthesize: Is able to analyze and synthesize correctly. Argues logically and coherently.

Use of references: Uses standard references.


24-26:

Subject knowledge and understanding: Good knowledge.

Analysis and synthesis skills: Has good analysis and synthesis skills. Topics are expressed consistently.

Use of references: Uses standard references.


27-29:

Knowledge and understanding topic: Knowledge more than good.

Analytical and synthesis skills: Has considerable analytical and synthesis skills.

Use of references: Has deepened understanding of topics.


30-30L:

Knowledge and understanding topic: Knowledge very good.

Ability to analyze and synthesize: Has considerable ability to analyze and synthesize.

Use of references: Important insights.

Examples of frequently asked questions and / or exercises

Law of supply and demand.

Elasticity of supply and demand.

Market forms.