| Institute of Food and Resource Economics | |||||||||||||
| Earliest Possible Year | 5 to 10 | ||||||||||||
| Duration | 1 semester | ||||||||||||
| Credits | 9 (ECTS) | ||||||||||||
| Course Level | Joint BSc and MSc | ||||||||||||
| Examination | evaluation of project report Aid allowed Description of Examination: 13-point scale, internal examiner Dates of Exam: 4 hour written exam (70%) Description of Examination: Evaluation of project (30%) | ||||||||||||
| Organisation of Teaching | Lectures: Tuesdays 11.10 - 12.30 and Fridays 8-9.20 | ||||||||||||
| Block Placement | E6, fall | ||||||||||||
| Teaching Language | English may be conducted in Danish | ||||||||||||
| Optional Prerequisites | 095513 Agricultural Marketing 095251 | ||||||||||||
| Course Objectives | |||||||||||||
| The purpose of the course is to give an understanding of the economic implications of different organizational forms, in particular cooperatives and contract production. | |||||||||||||
| Course Contents | |||||||||||||
| The organisation of food production has a very important implication for the agricultural sector. The organization of Danish agriculture is often viewed as a key factor in the competitiveness of Danish Agriculture. The organization of food production is changing rapidly in these years. Contract production is becoming more widespread and the cooperatives are in the process of organizational changes in order to adjust to new market demands. Analysing the organizational forms in the Danish agricultural complex, requires a good understanding of the special economic aspects of the cooperative organizational form. The lectures will introduce the students to new economic theories (e.g. moral hazard and adverse selection), contract theory, cooperative and non-cooperative game theory, transaction cost theory and multi-criteria decision making. Applications are based on cases from the Danish food industry as well as from other countries. | |||||||||||||
| Teaching And Learning Methods | |||||||||||||
| There will be regular lectures by the course instructor. Students will have to make one presentation each. The presentation can be on a theoretical subject or a case study. The subjects of the student presentations are selected in consultation with the instructor. At the end of the course the students have to write a paper on topics determined in cooperation with the instructor. | |||||||||||||
| Course Litterature | |||||||||||||
| Bogetoft & Olesen, Design of Production Contracts: Lessons from Danish Agriculture, CBS Press (2004). Bogetoft & Olesen, Afregning I Andelsselskaber - teoretiske modeller og praktiske eksempler, DSR-Forlag, 2000, pp. 233. English version will be available in the Fall of 2004. Hendrikse, G., Economics and Managament of Organizations "Co-ordination, Motivation and Strategy", McGraw-Hill Education, 2003. | |||||||||||||
| Course Coordinator | |||||||||||||
| Henrik Ballebye Olesen, hbol@kvl.dk, Institute of Food and Resource Economics/Production and Technology Division, Phone: 3528 Peter Bogetoft, pb@life.ku.dk, Institute of Food and Resource Economics/Production and Technology Division, Phone: 35332282 Kostas Karantininis, kok@life.ku.dk, Institute of Food and Resource Economics/Production and Technology Division, Phone: 35332276 | |||||||||||||
| Study Board | |||||||||||||
| Study Committee NSN | |||||||||||||
| Course Scope | |||||||||||||
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