AGR525: Risk Management in Agriculture / Faculty of Plantation and Agrotechnology

This course presents a survey of risk analysis methods and their application in agricultural economics research. The first topic covered includes theoretical formulations for individual risk response. Then attention is turned to the development of probability distributions. Third, methods for resolving risky choices in agricultural production, marketing and policy decisions are reviewed. Finally, attention is turned to the development of measures of risk preference. This course is intended to be much more literature and student-effort based than most courses. Reading of required material and classroom discussion are required, with an attempt to reduce reliance on the lecture format.