|Agricultural and Resource Policy Analysis - Policy and Project Evaluation|
|Instructor:||Dr. Richard Barichello|
|Email:||email@example.com, Phone: (604) 822-3473 (or 822-6213)|
|Important Course Pages|
- 1 Prerequisite
- 2 Course Description
- 3 Learning Objectives: by the end of the course students will be able to:
- 4 Course Format
- 5 Course Requirements (Subject to changes)
- 6 Academic Dishonesty
- 7 Online Course Material
- 8 Course Outline and Readings
- 9 Proposed Lecture Schedule
FRE 502: Food Market Analysis or,
FRE 501: Commodity Markets and Price Analysis
This course introduces students to the use of two common evaluation tools for government policies and projects, the Policy Analysis Matrix (PAM) and Cost-Benefit Analysis (CBA). It also introduces students more briefly to the use of Domestic Resource Cost (DRC) and its calculation. The PAM and DRC are focused on policies and CBA on investment projects. Both involve distinguishing between private and social (or economic) profitability, and both involve data collection at the micro (farm or project) level. Substantial attention is given to understanding factor markets and related institutions to enable quality data collection. Case studies are used. To close, the topic of agricultural productivity measurement is introduced.
Learning Objectives: by the end of the course students will be able to:
- Master the concepts in the PAM, DRC and CBA.
- Understand the type of data required for each.
- Identify key elements of local factor markets in order to collect appropriate data.
- Apply the PAM, DRC, and CBA in real life settings with actual data.
- Handle common difficulties or barriers to obtaining high quality data, and develop ways to overcome them.
- Identify measures of agricultural sector productivity, particularly Total Factor Productivity, and the steps and challenges in measuring the latter.
Class Format 12 lectures of 1.5 hours, twice a week for 6 weeks.
Course Requirements (Subject to changes)
Your grade shall be determined as follows
|Requirements||Date||Percent of Grade|
|Problem Sets (2)||To be announced.||35%|
|Final Exam||To be announced.||40%|
|Reading Questions||3 times over 6 weeks||25%|
The problem sets will allow an opportunity to use the PAM (policy analysis matrix) and CBA (cost benefit analysis) with real world information. The first problem set focuses on the PAM, the second on CBA. These applications will help everyone understand the types of data that are required and to learn key features of local factor markets that can guide one in collecting the appropriate data. The policy briefs will be two-page summaries of the results from their PAM and CBA analyses/problem sets. The policy briefs will provide practice in communicating the results of the analysis to help choose better policies.
The final exam will be comprehensive (it shall cover all material taught in class), and will last two hours. It will take the form of short answer and longer answer questions. This could include calculations, written explanations, and the manipulation of supply and demand models. Exams must be taken at the scheduled times unless there is a time conflict with another exam, serious illness, or an emergency. You must validate with documentation the reason(s) why you will be unable to take any exam.
During three classes, a short test will be conducted, directly related to the content of the lectures. The objective is to test comprehension of the lecture topics and to encourage preparation using assigned reading material.
Please review the UBC Calendar “Academic regulations” for the university policy on cheating, plagiarism, and other forms of academic dishonesty. Academic dishonesty will be dealt with very seriously in this course.
Online Course Material
Available at Canvas: http://www.canvas.ubc.ca. You are required to regularly login to your course page for FRE 505. Your syllabus, course-lecture slides, additional material, announcements, assignments, and grades will be available.
Course Outline and Readings
How to use this course outline: This outline is a collection of papers, and topics that we cover in policy and project evaluation. Wherever possible a stable link to the paper is provided. While some of these links will work anywhere, many of them are digitally protected requiring a subscription. You can access this material by logging in through your account at the UBC library, or on any computer connected via Ethernet on the UBC network. For some articles no link is provided. If so, searching for the article via the UBC library gives access to its electronic version.
Proposed Lecture Schedule
|Lecture 1||Introduction to PAM, including Field Research Methods
|Lecture 2||Factor Market Estimation: Land|
|Lecture 3||Factor Market Cost Estimation: Labour, Capital, Credit|
|Lecture 4||PAM Case Study, Empirical Application, calculating PAMs
|Lecture 5||An Introduction to Project Evaluation (Benefit Cost Analysis)
|Lecture 6||Cases in Cost Benefit Analysis
|Lecture 7||Domestic Resource Cost: nature of concept, how to measure (readings: )
Intro to Case Study on Community Pastures in BC (including homework)
|Lecture 8||Project Evaluation Case.
|Lecture 9||Project Evaluation Case.
|Lecture 10||Project Evaluation Cases
|Lecture 11||Project Evaluation Case.
|Lecture 12||Guest Lectures: Sean Cahill, Agriculture and Agri-Food Canada