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Introduction to Farm Business Economics Unit

The Farm Business Economics unit, coded as KLA202, is designed to introduce students to diverse economic theories applied to farming and food production. This unit aims to equip students with the knowledge to use economic frameworks in supporting ethical decision-making within farm businesses.

Unit Details

• Unit name: Farm Business Economics
• Unit code: KLA202
• Credit points: 12.5
• College/School: Sciences and Engineering
• Discipline: Agriculture and Food Systems
• Coordinator: Doctor Saideepa Kumar
• Availability as an elective: Yes
• Delivered by: University of Tasmania
• Level: Intermediate

Availability

The unit is available in the following locations and study periods:

• Location: Hobart, Launceston
• Study period: Semester 1
• Attendance options: On-campus
• Available to: Domestic students, international students

Key Dates

• Study Period: Semester 1
• Start date: 23/2/2026
• Census date: 17/3/2026
• WW date: 20/4/2026
• End date: 14/6/2026

Learning Outcomes

Upon completion of this unit, students will be able to:

• Explore different theoretical approaches to frame economic practices in farming and food production
• Identify diverse economic practices in farm businesses
• Apply appropriate economic and financial techniques to analyse new farm investments
• Examine the ethical decisions associated with economic practices within farming businesses

Fee Information

• Field of Education:
• Commencing Student Contribution: $2,174.00
• Grandfathered Student Contribution: $1,703.00
• Approved Pathway Course Student Contribution: Not applicable
• Domestic Full Fee: $2,862.00

Teaching Pattern

• The unit will be taught through online short lectures, a blend of 3-hour on-campus tutorials and online tutorials, and self-directed learning using a workbook provided.
• Assessment will include an online quiz, economic inventory, ethical economic decisions, and economic analysis.

Textbooks

• Required textbook: "Take Back the Economy: An Ethical Guide for Transforming Our Communities" by Gibson-Graham, J. K., Cameron, J., & Healy, S. (2013), available as an electronic book through the University Library.

University Information

The University of Tasmania reserves the right to amend or remove courses and unit availabilities as appropriate.