BIOL40570 World Food Economy (JLU)

Academic Year 2020/2021

This module addresses the following aspects of World Food Economy:
• Theories of international trade with agricultural and food industry products
• Demand side: factors affecting food consumption patterns
• Supply side: Agricultural production and its determinants
• Trade policies - impact analysis and economic evaluation of welfare
• Specific factors and income distribution
• Resources and Trade: Heckscher-Ohlin Model
• External Economies of scale and the international Location of Production
• Political Economy of Agricultural Trade Policy
• Money, Interest Rates, Exchange rates and foreign exchange markets
• International monetary systems and Optimum Currency Areas
• Development of world food markets and strategies for food security
• Regional Trends of Global food Economy
• Bilateral and multilateral development policies
• Globalization and its implications from the perspective of developing and transition
• Resource utilization, agricultural and Environmental trade-offs, Organic farming
• New technologies for food security.

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Curricular information is subject to change

Learning Outcomes:

Students should
• have knowledge of theories, models and policy instruments of international trade as well as supply and
demand of agricultural and food products
• be able to explain the real and monetary foreign economic relations in the agriculture and food sector
and its development
• be able to assess the impact of foreign trade operations and argue about the controversies and tradeoffs
in agricultural, environmental and trade policies
• take position on the integration of developed, developing and transition countries into the
world economy and on the location economic policy for food and job security

Student Effort Hours: 
Student Effort Type Hours


Seminar (or Webinar)


Specified Learning Activities


Autonomous Student Learning




Approaches to Teaching and Learning:
Interactive. Lectures and small groups work and presentations 
Requirements, Exclusions and Recommendations

Not applicable to this module.

Module Requisites and Incompatibles
Not applicable to this module.
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: Examination as per JLU Regulations Unspecified No Graded No


Carry forward of passed components
Remediation Type Remediation Timing
In-Module Resit Prior to relevant Programme Exam Board
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Feedback individually to students, on an activity or draft prior to summative assessment
• Feedback individually to students, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.


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