Curriculum 2021-2022 – Agricultural, Environmental and Resource economics Master program – 120 ECTS

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Sisällys

Curriculum 2021-2022 – Agricultural, Environmental and Resource economics Master program – 120 ECTS 2

Advanced Studies - AGERE-302 ... 2

AGERE - Common studies ... 2

Language studies ... 2

AGERE - Entrance studies ... 3

AGERE - Theories and methods ... 3

Study track studies... 4

AGERE-310 Agricultural Economics - 30 ECTS ... 4

AGERE-320 Environmental and resource economics - 45 ECTS ... 4

AGE I Agricultural Markets and Policy ... 4

AGE II Production Economics and Farm Management ... 4

AGE III Entrepreneurship ... 4

ERE I Environmental Economics... 4

ERE II Natural Resource Economics... 4

ERE III Economics of climate change ... 4

ECGS-500 Baltic sea studies (ERE IV) ... 4

ERE V Forestry and forest policy ... 5

Other studies ... 5

Career orientation and professional skills training ... 5

Courses ... 6

AGERE-001 Introduction to the Master program in Agricultural, Environmental and Resource economics ... 6

AGERE-002 Cost-Benefit Analysis ... 6

AGERE-003 Economic valuation methods ... 8

AGERE-004 General Equilibrium Modeling ... 8

AGERE-005 Applied Linear Programming ... 9

AGERE-007 Applied econometrics ...10

AGERE-009 Mathematics for economists III ...11

AGERE-010 Microeconomics for AGERE students ...12

AGERE-011 Socio-cultural valuation methods for integrated landscape ...13

AGERE-012 Mathematics for economists IV ...14

AGERE-013 Qualitative methods in Agricultural, Environmental and Resource economics ...15

AGERE-020 Master´s thesis seminar ...16

AGERE-027 Career orientation/Internship ...17

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AGERE-028 Career orientation/ Career-related project ...18

AGERE-030 Master´s thesis ...18

AGERE-A01 Price Analysis and Market Structure of the Agrifood Supply Chain ...20

AGERE-A08 Agricultural and Food Policy Analysis ...21

AGERE-A03 International Agricultural Trade and Trade Theory ...22

AGERE-A04 Risk Management in Agriculture ...23

AGERE-A05 Production and Cost Theory ...24

AGERE-A06 Theories and Applications in Strategic Management ...25

AGERE-A07 Changing theme course in Agricultural economics ...26

AGERE-E01 Environmental economics I : Theory ...27

AGERE-E02 Environmental Economics II: Mechanisms ...28

AGERE-E03 Climate and Energy ...29

AGERE-E09 Advanced Natural Resource Economics ...29

AGERE-E08 Introduction to Dynamic Optimization ...30

AGERE-E06 Economics of Aquatic Resource: Numerical Models ...31

AGERE-E07 Changing theme course in Environmental and resource economics ...32

AGERE-E12 International environmental agreements related to marine areas and resources ...33

AGERE-300 Agricultural, Environmental and Resource Economics, Advanced Studies...34

AGERE-310 Agricultural Economics, Advanced Studies ...34

AGERE-320 Environmental and Resource Economics, Advanced Studies ...35

Curriculum 2021-2022 – Agricultural, Environmental and Resource economics Master program – 120 ECTS

* Odd years

**Even years

Tba = To be announced later

Advanced Studies - AGERE-302

85-110 ECTS (AGERE – Common studies, method studies and AGERE-310 or AGERE-320)

AGERE - Common studies

ECTS Year/Period AGERE-001 Introduction to the Master program in Agricultural, 0 1/I

Environmental and Resource economics

AGERE-030 Master´s thesis 30 2/I-IV

AGERE-020 Master´s thesis seminar 5 1-2/I-IV

VIIKM-001 Master's Maturity Test 0 2/I-IV

Language studies

(Choose at least one course) ECTS Year/Period

KK-ENG501 Academic Writing 1, Principle and practice (CEFR C1) 2 1/I-II

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KK-ENG502 Academic Writing 2, Process and Feedback (CEFR C1) 2 1-2/III KK-ENG504 Advanced English: Feedback on Writing (CEFR C1) 1 1-2/I-IV

FINN-113 Finnish 1 5 1-2

KK-RUO001 Swedish for beginners 1 3 1-2

AGERE - Entrance studies

(> 5 ECTS)

ECTS Year/Period

AGERE-009 Mathematics for economists III 5 1/I

Mandatory for all

AGERE-012 Mathematics for economists IV 5 1/II

• Mandatory for ERE, voluntary for AGE AGERE-010 Microeconomics for AGERE students

intermediate level, mandatory if not in BSc 5 1/I

ECOM-G310 Microeconomics 1 or 5 1-2/I

Aalto microeconomic policy course (31E99906) 6 1/II

Mandatory for ERE, voluntary for AGE

FOR-006 R-basic course 4 1/I

AGERE-007 Applied econometrics 5 1/II

AGERE - Theories and methods

> 15-30 ECTS ECTS Year/Period

AGERE-002 Cost-Benefit Analysis 5 1-2/IV

AGERE-003 Economic valuation methods 5 1-2/II

AGERE-004 General Equilibrium Modeling 5 1-2/IV**

AGERE-005 Applied Linear Programming 5 1-2/III

AGERE-011 Socio-cultural valuation methods for Integrated 5 1-2/I Landscape Management

AGERE-013 Qualitative methods in Agricultural, Environmental and 5 1-2/I Resource economics

AGERE-A07 Changing theme course in Agricultural economics 5 I, IV***

AGERE-E07 Changing theme course in Environmental and 5 tba

Resource Economics

ECOM-G311 Microeconomics 2 5 1-2/II

ECOM-G314 Econometrics 1 5 1-2/II

ECOM-413 Applied Microeconometrics I 5 1-2/I****

ECOM-414 Applied Microeconometrics II 5 1-2/II****

FOR-108 Qualitative empirical research methods, approaches and 5 1-2/II research ethics

FOR-103 Survey methods in marketing and social sciences 5 1-2/III-IV FOR-007 Statistical models: Basics in generalized linear models 5 1-2/III

FOR-008 Statistical Prediction and Sampling 5 1-2/IV**

FOR-009 Statistical Modelling with R 5 1-2/IV*

EKM-122 Ecological economics 5 1-2/I

EKM-126 Changing theme course in sustainable Food and

Consumer economics 5 1-2/I

*** I-period course - Statistical analysis with R, IV-period course - Economics of Food Security and nutrition

**** How to enroll courses: https://www.helsinkigse.fi/desc/how-to-enroll/

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Study track studies

AGERE-310 Agricultural Economics

- 30 ECTS

(Choose at least one AGE-module and other courses or modules from study track studies, 15 EC

AGERE-320 Environmental and resource economics

- 45 ECTS

(Choose EREI and EREII and other courses or modules from study track studies, 15 ECTS)

ECTS Year/Period

AGE I Agricultural Markets and Policy

¹⁵

AGERE-A01 Price Analysis and Market Structure of the 5 1/II

Agrifood Supply Chain

AGERE-A08 Agricultural and Food Policy Analysis 5 1-2/III*

AGERE-A03 International Agricultural Trade and Trade Theory 5 1-2/III**

AGE II Production Economics and Farm Management

¹⁵

AGERE-A04 Risk Management in Agriculture 5 1-2/II

AGERE-A05 Production and Cost Theory 5 1-2/III

AGERE-A06 Theories and Applications in Strategic Management 5 1-2/IV

AGE III Entrepreneurship

¹⁵

EKM-127 Sustainable entrepreneurship 5 1-2/III

xxx-xxx Courses in entrepreneurship, marketing, co-operation studies

or accounting 10 1-2

SOSM-SP328 Entrepreurship in the Social context 5 IV/1-2

ERE I Environmental Economics

¹⁵

AGERE-E01 Environmental Economics I: Theory 5 1/II

AGERE-E02 Environmental Economics II: Mechanisms 5 1/III

AGERE-E03 Climate and Energy 5 1-2/IV*

ERE II Natural Resource Economics

¹⁵

AGERE-E08 Introduction to Dynamic Optimization . 5 1/III*

AGERE-E09 Advanced Natural Resource Economics . 5 2/IV

AGERE-E06 Economics of Aquatic Resources: Numerical Models 5 1-2/I-IV

ERE III Economics of climate change

¹⁵

AGERE-E12 International environmental agreements related to marine 5 1-2/III**

areas and resources

ATM302 Climate Now 5 1-2/II

FOR-215 Mitigation of Climate Change in Forestry 5 1-2/III**

FOR-216 Adaptation of forestry to climate change 5 1-2/III**

ECGS-500 Baltic sea studies (ERE IV)

15 or 30

Mandatory courses:

ECGS-014 Diagnosis of environmental problems in aquatic ecosystems 5 1-2/I ECGS-501 Management of environmental problems in aquatic ecosystems 5 1-2/II And choose 5 from the list:

ECGS-502 Marine governance 5 1-2/IV

ECGS-003 Practical application of sustainability science: learning project 5 1-2/IV AGERE-E12 International environmental agreements related to marine 5 1-2/III**

areas and resources

AGERE-E06 Economics of Aquatic Resources: Numerical Models 5 1-2/I-IV ECGS-151 Introduction to environmental decision analysis with 5 1-2/IV

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Bayesian networks

ECGS-017 Fisheries management 5 1-2/IV

ERE V Forestry and forest policy

¹⁵

Mandatory course:

AGERE-E08 Introduction to Dynamic Optimization 5 1/III

And choose 10 or 15 ECTS from the list:

AGERE-E09 Advanced Natural Resource Economics 5 1-2/IV

ME-211 System analysis in forest sciences 5 1-2/I

FOR-215 Mitigation of Climate Change in Forestry 5 1-2/III**

FOR-216 Adaptation of forestry to climate change 5 1-2/III*

FOR-253 Tropical Forests and Climate Change 5 1-2/IV*

ME-106 Industrial management in the bioeconomy 5 1-2/IV

FOR-110 Economics of climate change in forestry 5 1-2/III

ME-courses are lectured in Finnish

Other studies

Career orientation and professional skills training

(Choose at least 5 ECTS of AGERE-027 or AGERE-028) ECTS Year/Period

AGERE-027 Career orientation/Internship 5-10 1-2/I-IV

AGERE-028 Career orientation/ Career-related project 5-10 1-2/I-IV Optional

VIIKM-002 Tutoring 2 1-2/I

VIIKM-005 Participation in Student Organization and 2-5 1-2/I-IV University of Helsinki Administrative Bodies

Studies which are freely chosen 0-29 ECTS

TOTAL 120 1-2

Research Master track (jointly with Helsinki Graduate School of Economics)

AGERE - Common studies 35 ECTS

AGERE-009 and AGERE-012 (Math III & IV) 10 ECTS

Study track studies ERE / AGE 30 ECTS / 15 ECTS

Research Master courses 45 ECTS

-ECOM-R310 - ECOM-R315 (6 courses)

-Choose 3 of the following: ECOM-R316 – ECOM – R321

Total ERE / AGE 120 / 105 (+ internship + 10 ECTS AGERE studies)

Agronomy degree/title

https://guide.student.helsinki.fi/fi/artikkeli/tutkinnon-rakenne-ja-laajuus

(Select Study program

-> MSc in Agricultural Sciences)

If necessary, the Steering group of the Master's program in Agricultural Sciences may, upon request, comment on whether the applicant meets the equivalence requirements for the title of agronomist given in point 2).

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Courses

AGERE-001 Introduction to the Master program in Agricultural, Environmental and Resource economics

Kohderyhmä / Target group

Available only for students of Agricultural, Environmental and Resource Economics Master’s programme (AGERE).

Mandatory for all AGERE-students Ajoitus / Timing

I-period, First year

Osaamistavoitteet / Learning outcomes

After the course the students know are familiar with the content and practices of teaching in the programme.

Toteutus / Completion methods

The course is offered in the form of contact teaching. It is also possible to participate from distance through internet.

Edeltävät opinnot tai edeltävä osaaminen / Prerequisites

Suositeltavat valinnaiset opinnot / Recommended optional studies Sisältö / Contents

Oppimateriaali ja kirjallisuus / Study materials and literature Moodle

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning Arviointimenetelmät ja –kriteerit / Assesment practices and criteria

Exercises, group work

Lisätiedot / Other information

Yhteydet muihin opintojaksoihin / Relatiuons to other study units Vastuuhenkilö / Responsible person

Leena Rantamäki-Lahtinen

AGERE-002 Cost-Benefit Analysis

AGERE students. The course is also available to students from degree programmes other than Agricultural, Environmental and Resource Economics (AGERE).

Ajoitus / Timing IV-period

to understand the microeconomic theory behind CBA to learn the basic principles of benefit-transfer and

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how to assess the value of outcomes of projects affecting market prices

to be able to distinguish between impacts in the primary markets and the secondary markets and understand when the impacts in the secondary markets should be included in the CBA.

to understand the impact of the choice of the discount rate on the net present value of a project, illustrate and critically assess the different theories regarding the choice of the discount rate, and calculate the net present value of a project.

to understand how uncertainty is incorporated into cost-benefit analysis in both theory and practice and perform expected value analysis and Monte-Carlo sensitivity analysis.

to understand how health effects and distributional issues can be incorporated into cost-benefit analysis and perform a simple distributionally weighted cost-benefit analysis.

to understand, illustrate and critically appraise the philosophical and ethical underpinnings of CBA and critically assess CBA-studies and distinguish a well-conducted CBA from a poor one

Toteutus

Assignments and final exam.

Intermediate microeconomics, such as YET-203 Mikroteorian jatkokurssi: Yrityksen teoria. Theory of the firm) or ECOK-211 TA3B Mikrotaloustiede or equivalent AND YET-204 Mikroteorian jatkokurssi: Kuluttajan teoria (Consumer theory) or ECOK-210 TA3a Mikrotaloustiede I or equivalent. Students with microeconomics knowledge at introductory level (such as YET-002 Microeconomics principles or equivalent) can also enroll in the course. However, they should be prepared to spend extra time independently, to learning the underlying microeconomic principles and tools at the beginning of the course.

Microeconomic foundations of CBA (compensating variation, equivalent variation, Potential Pareto Improvements, Consumer surplus, Producer surplus and Government surplus), valuing changes in the primary markets and in the secondary markets, benefit transfer, valuing health effects, discounting, social discount rate, dealing with uncertainty, distributional aspects, climate change and CBA

Oppimateriaali ja kirjallisuus / Study materials and literature

Course material online (at mooc.helsinki.fi, opens at the start date of the course). Book: Boardman, A.E., D.H.

Greenberg, A.R. Vining, and D.L. Weimer. 2018. Cost-Benefit Analysis: Concepts and Practice (Fifth Edition). Upper Saddle River, N.J.: Pearson. (Hereafter Boardman et al.). (A third and second edition can also be used.). Other material.

Peer-reviewed articles and reports

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activities and teaching methods in support of learning

Online learning. Short videos on topics, lectures and lecture slides, tests based on material. Mandatory assignments.

Arviointimenetelmät ja –kriteerit / Assesment practices and criteria Grading: 0-5. Assessment is based on assignments (50%) and exam (50%).

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Yhteydet muihin opintojaksoihin / Relatiuons to other study units Replaces the course 863010 Cost-Benefit Analysis 5 cr.

Vastuuhenkilö / Responsible person Anna-Kaisa Kosenius

AGERE-003 Economic valuation methods

Ajoitus / Timing II-period

to understand the theoretical framework of economic valuation of environmental benefits, to apply of economic valuation methods and data analysis techniques.

Toteutus / Completion methods Lectures, computer laboratory exercises

Preparation tasks for contact lectures group assignments on data analysis and recent scientific articles, and participating in interactive activities (e.g. discussions and exercises) during lectures.

Edeltävät opinnot tai edeltävä osaaminen / Prerequisites Intermediate microeconomics, introductory econometrics.

Theoretical basis of economic valuation of environmental benefits, non-market valuation approach (stated

preferences methods, revealed preferences methods), market-based methods, analysis of empirical data, criticism for and limitations of economic valuation.

Moodle. Book: Champ, Boyle & Brown (2017) A Primer on Nonmarket Valuation. 2nd edition. Other material: peer- reviewed articles, data sets

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning The course follows a flipped learning approach. Short learning assignments (individual work) based on peer-reviewed articles, textbook chapters or videos are submitted before contact teaching. Contact teaching consists of theory lectures, exercises, case study presentations and data analysis.

Arviointimenetelmät ja –kriteerit / Assesment practices and criteria

Grading: 0-5. Assessment is based on independent assignments (50%) and group assignments (50 %).

Yhteydet muihin opintojaksoihin / Relatiuons to other study units

Replaces the former course 83049 YLE22.3 Valuation of environmental benefits 4 cr.

AGERE-004 General Equilibrium Modeling

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Ajoitus / Timing IV-period / even years

Students learn the general equilibrium theory and its practical applications in economic and political research. They also learn about the content and applications of the social accounting matrix.

Contact teaching and computer lab exercises (compulsory).

Edeltävät opinnot tai edeltävä osaaminen / Prerequisites Economics and mathematics

Students learn the basics of numerical modeling and construct a general equilibrium simulation model with GAMS software. They examine the content of the social accounting matrix and learn to perform a multiplier analysis.

Oppimateriaali ja kirjallisuus / Study materials and literature Materials provided by the teacher

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning Computer lab exercises

Arviointimenetelmät ja –kriteerit / Assesment practices and criteria Grading: 0-5. Exam (50 %), exercises (50 %).

Replaces the former course 82010 MPOL6 Maatalouspolitiikan tutkimusmenetelmät ja mallit 7 cr.

Vastuuhenkilö / Responsible person Nina Hyytiä

AGERE-005 Applied Linear Programming

Ajoitus / Timing III-period

Project based group work (3 persons). The course gives the ability to utilize linear programming method in farm activities planning.

The students will make a report on production activities optimization utilizing linear programming.

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The course is completed by teacher approved report from the teams.

Basic understanding of gross margin calculations, after completed MAL8 or similar studies.

The work consists of benchmarking and optimization of agricultural production under given institutional, environmental and management settings.

Oppimateriaali ja kirjallisuus / Study materials and literature Literature on linear programming and optimization.

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning The course starts with a lecture given by teacher where aims and tools are presented. The students work in groups and will together with teacher stepwise continue the work. The work consists of group work and meetings with teacher, where results are presented and discussed.

Arviointimenetelmät ja –kriteerit / Assesment practices and criteria Individually approved group work

Replaces the former course 81863 MAL16 Dynaaminen optimointi uudistuvien luonnonvarojen hoidossa OR 81865 MAL17 Maatalouden liiketaloustieteen menetelmät ja mallit OR

83479 Y132A Tilastollisiamalleja 2/ varianssianalyysi Vastuuhenkilö / Responsible person

Stefan Bäckman

AGERE-007 Applied econometrics

Ajoitus / Timing II-period

To learn to apply econometric methods and models their theoretical background and empirical applications in agricultural, environmental and resource economics.

Lectures, computer laboratory exercises, final exam.

After introductory course in econometrics, such as YET-221 Ekonometria I or equivalent. Econometrics 1.

Econometric methods and their applications in agricultural, environmental and resource economics, such as linear regression models, instrumental variables in real and natural experiments, differences in differences, logistic regression models, discrete choice models, introducing spatial factors in econometric models.

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Oppimateriaali ja kirjallisuus / Study materials and literature To be announced in Moodle.

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning Active participation in the lectures, exercises and independent study highly recommend. Computer laboratory exercises (Stata and/or R) are an integral part of the course.

Arviointimenetelmät ja –kriteerit / Assesment practices and criteria Grade: 0-5. Assessment based on exercises

Yhteydet muihin opintojaksoihin / Relatiuons to other study units Replaces the former course 863067.

AGERE-009 Mathematics for economists III

For first year master students studying in the agricultural, environmental and natural resources economics master program, or advanced bachelor students.

Exchange students and students from other programs are also welcomed to participate.

Ajoitus / Timing I-period

1st year

After the course the students should be able to understand and apply most of the relevant mathematical methods in future AGERE-courses.

Toteutus / Completion methods Exam

Mathematics for economists 1-2 (YET-023a and YET-023b). Students should know the basics of matrix operations, solving equations and equation systems, differentiation, partial differentiation and optimization with and without constraints.

Matrices and other concepts from linear algebra, differentiation, chain rule, implicit function theorem, optimization without constraints, optimization with equality constraints, optimization with inequality constraints, integrals and differential equations.

Sydsäeter & Hammond: Essential mathematics for economic analysis;, Sydsäeter et al.: Further mathematics for economic analysis and lecture notes

Graded 0-5 based on exam and exercises.

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Lisätiedot / Other information Teaching language is English

Course replaces YET-206, YLE11 Matematiikkaa taloustieteilijöille, and YE19 B.

Vastuuhenkilö / Responsible person Pauli Lappi

AGERE-010 Microeconomics for AGERE students

For first year master students who study in the agricultural, environmental and natural resources economics master program, and exchange students.

1st year

The course mainly introduces the intermediate theory of microeconomics, which is the expansion of its primary theory. The purpose is to enable students to systematically grasp microeconomics concepts, principles, theoretical system, and mathematical analysis methods as well, to master the skill of economic analysis for complex economy reality and microeconomic problems in different market structures, to obtain the ability in applying intermediate microeconomic analysis methods to solve various microeconomic problems.

Contact teaching (4 hours a week) includes lectures, case study analysis, and classroom discussion. Other work includes assignments and group work.

The assessment of this course is divided into two parts: non-exam assessment (40%) and final exam score (60%). The former includes attendance, homework, classroom questions and discussion, group work; the latter is the final examination. The overall score (the combination of the above two parts) is over 60, then students pass this course.

primary microeconomics, preliminary calculus, and probability theory Suositeltavat valinnaiset opinnot / Recommended optional studies Sisältö / Contents

1. Producers, Consumers, and Competitive Markets: Consumer Choice; Uncertainty and Consumer Behaviour; Firms and Production; Costs; Competitive Firms and Markets; Applying the Competitive Model.

2. Market Structure and Competitive Strategy: Market Power; Monopoly, Oligopoly and Monopolistic Competition;

Pricing and Advertising; Game Theory; Factor Markets

3. Information, Market Failure, and the Role of Government: Externalities, Open-Access, and Public Goods;

Asymmetric Information.

1. Jeffrey M. Perloff, Microeconomics, Sixth Edition, University of California, Berkeley 2. Robert S. Pindyck and Daniel L. Rubinfeld, Microeconomics, 8th Edition.

3. Walter Nicholson and Christopher Snyder, Intermediate Microeconomics and Its Application, 11th Edition.

4. Hal R. Varian, University of California at Berkeley, Intermediate Microeconomics, a Modern Approach, 8th Edition.

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning This course adopts a combination of lectures, student discussion, group work, and case study analysis.

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Grading: 1-5. The assessment is based on pre-test and assignments, and group works (40%) and final examination (60%) for grading

Lisätiedot / Other information In English.

Chen Qiuzhen

AGERE-011 Socio-cultural valuation methods for integrated landscape

Open to a maximum of 30 participants from the AGERE, ECGS and FOR masters programs. Depending on the available student places, the course is open to students of other programs. The course is delivered in the first period.

By the completion of the course, it is intended that students will be able to:

1) Define different types of social and cultural values and describe their relevance to environmental management.

2) Apply qualitative, quantitative and mixed-methods for assessing social and cultural values and solving problems in economics and environmental management.

3) Critically discuss the strengths and limitations of different methods for assessing social and cultural values.

4) Explore and discuss possibilities for integrating diverse values of nature into resource and land-use decisions.

The teaching is based on the active cooperation between students and the teacher.

The course will be offered in the form of contact teaching and attendance is recommended. Students are required to complete an essay, a group practical assignment and participate in a final examination.

This course provides a comprehensive overview of different methods for assessing social and cultural values for the environment, with a specific focus on integrated landscape management. The course places much of its emphasis on participatory GIS, deliberative valuation, narrative assessment of ecosystem services and photo elicitation, and how they can be used to inform policy and practice on integrated landscape management, with particular regard to: The European Landscape Convention, greening efforts in the context of the European Union (EU) Common Agricultural Policy (CAP) and the European Commission’s Nature-Based Solutions approach. We will also explore how social and cultural valuation can be used to inform international decision-making on biodiversity through the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services. We will also consider methods for integrating social and cultural values of nature with ecological and economic values, in what is broadly referred to as the ‘diverse values of nature’.

Oppimateriaali ja kirjallisuus / Study materials and literature Main texts:

Arias-Arévalo, P. et al. (2018) Widening the evaluative space for ecosystem services: A taxonomy of plural values and valuation methods. Environmental Values 27(1): 29-53.

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Sander, S. et al. (2018) The means determine the end: Pursuing integrated valuation in practice. Ecosystem Services.

29:515-528.

Santos-Martín, F. et al. (2018) Socio-cultural valuation approaches (Chapter 4.2). In: Mapping Ecosystem Services edited by Benjamin Burkhard and Joachim Maes. Pensoft Publishers, https://ab.pensoft.net/articles.php?id=12837 Scholte, S. et al. (2015) Integrating socio-cultural perspectives into ecosystem service valuation: A review of concepts and methods. Ecological Economics 114_67-78.

Additional reading:

Brown G, Fagerholm N (2014) Empirical PPGIS/PGIS mapping of ecosystem services: A review and evaluation. Ecosyst Serv. doi: 10.1016/j.ecoser.2014.10.007

Kenter JO, O’Brien L, Hockley N, et al (2015) What are shared and social values of ecosystems? Ecol Econ 111:86–99.

doi: 10.1016/j.ecolecon.2015.01.006

Kenter JO, Bryce R, Christie M, et al (2016) Shared values and deliberative valuation: Future directions. Ecosyst Serv 21:358–371. doi: 10.1016/j.ecoser.2016.10.006

Norgaard RB (2010) Ecosystem services: From eye-opening metaphor to complexity blinder. Ecol Econ 69:1219–1227.

doi: http://dx.doi.org/10.1016/j.ecolecon.2009.11.009

Plieninger T, Bieling C, Fagerholm N, et al (2015) The role of cultural ecosystem services in landscape management and planning. Curr Opin Environ Sustain 14:28–33. doi: 10.1016/j.cosust.2015.02.006

Raymond CM, Kenter JO (2016) Transcendental values and the valuation and management of ecosystem services.

Ecosyst Serv 21:241–257. doi: 10.1016/j.ecoser.2016.07.018

Raymond CM, Singh GG, Benessaiah K, et al (2013) Ecosystem Services and Beyond: Using Multiple Metaphors to Understand Human-Environment Relationships. Bioscience 63:536–546. doi: 10.1525/bio.2013.63.7.7 Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning The teaching of various theoretical and methodological topics related to the course is provided by the teacher and is supported by an essay, a practical assignment and an exam which are adding value to students’ skills and knowledge by connecting theory, practice, and policy.

Some teaching and assignment work will occur in computer laboratories.

Students are expected to complete many empirical research projects and pass a final examination successfully.

Christopher Raymond

AGERE-012 Mathematics for economists IV

First year master students studying environmental and natural resources economics in the AGERE -master program, or advanced bachelor students.

Exchange students, students studying agricultural economics, and students from other programs are also welcomed to participate.

Ajoitus / Timing II-period 1st year

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After the course the students should be able to understand and apply most of the relevant mathematical methods in future ERE-courses.

Toteutus / Completion methods Exam

Edeltävät opinnot tai edeltävä osaaminen / Prerequisites AGERE-009 or equivalent.

The concepts and tools from AGERE-009 in more general and useful settings. Introduction to dynamic optimization in continuous time (optimal control).

Sydsäeter et al.: Further mathematics for economic analysis and lecture notes.

Graded 0-5 based exam and exercises.

Lisätiedot / Other information Teaching language is English.

Pauli Lappi

AGERE-013 Qualitative methods in Agricultural, Environmental and Resource economics

Students are introduced to most common qualitative methods of the field, they are able to evaluate which of methods could be used in different research questions and what is good qualitative research. In addition, they will be prepared to apply these methods later.

Online course (six weeks): consists of online lectures and exams, readings, reflection and essay assignments.

The course has weekly deadlines.

Edeltävät opinnot tai edeltävä osaaminen / Prerequisites -

Suositeltavat valinnaiset opinnot / Recommended optional studies -

Sisältö / Contents

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Eriksson, P. & Kovalainen, A. (2008). Qualitative methods in business research. Los Angeles, [Calif.] ; London: SAGE. E- book available in Helka.

Other materials be provided on the course.

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning Online learning, group work, essay.

Arviointimenetelmät ja –kriteerit / Assesment practices and criteria Lisätiedot / Other information

Leena Rantamäki-Lahtinen

AGERE-020 Master´s thesis seminar

Available only for of Agricultural, Environmental and Resource Economics Master’s programme (AGERE).

Ajoitus / Timing I-IV periods, 2nd year

Osaamistavoitteet / Learning outcomes After the course the students know

- how to plan, write and present a research proposal

- how to act as a discussant and opponent in the scientific context - how to contribute to the scientific debate

- how to write an abstract and a summary of research results - how to write a thesis and how to present scientific research results - how to communicate scientific results to a wider audience

The course is offered in the form of contact teaching. It is also possible to participate from distance through internet.

The student should attend in 12 seminars including own presentations, chairing of two sessions and acting as an opponent for one presentation. The own presentations include writing a research proposal and a summary of the Master thesis.

The first year studies in the Master programme. The students participate the seminar at least once during 1st year spring term.

Suositeltavat valinnaiset opinnot / Recommended optional studies

Academic scientific writing supports the competence provided by this course. Additional courses in scientific communication are also recommended.

The course is compiled of students’ written and oral presentations, discussions and debates concerning each student's own thesis project. The learning is based on the feedback of peer students and on the guidance of supervising

professors and teachers.

Oppimateriaali ja kirjallisuus / Study materials and literature Given during seminar

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning

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Activities include the writing of a research plan and a summary of the thesis, oral presentations and discussions about the thesis, chairing the sessions and acting as an opponent. Immediate feedback is obtained from peer students and supervisors.

Arviointimenetelmät ja –kriteerit / Assesment practices and criteria pass / fail

Replaces the former course 863064 YLE19 Tutkielmaseminaari 5 cr OR 81823 MAE34 Maisterin seminaari 4 cr.

Vastuuhenkilö / Responsible person

Timo Sipiläinen, Leena Rantamäki-Lahtinen, Marko Lindroos

AGERE-027 Career orientation/Internship

Ajoitus / Timing

During first or second study year.

After completing this course students will have strengthened their

· problem solving skills

· ability to integrate theory and practice by applying their field specific knowledge in a work environment

· ability to work on collaborative projects

· communication, interpersonal and other critical skills in the job search process.

and will have a deeper understanding of

· the career paths and opportunities offered by their field.

· their interests and abilities in their field of study.

and will have

· built a record of work experience.

· acquired direct employment contacts Toteutus / Completion methods

The student will independently search for an internship position related to the her/his field of study. The length of the internship should be at least 3 months, which corresponds to 5 study credits. Longer internship can give a maximum of 15 credits. Once the internship period is over, the student will write a report on the internship and hand it in to one of the teachers coordinating the course together with a testimonial by the employer about the work done during the internship. The internship can be done in private firms, non-governmental organizations, ministries and other public offices, research institutes in Finland or abroad. The internship position should be approved by the coordinating teacher prior to its beginning.

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Approved internship and report Grading: pass/fail

Replaces the former courses 863062 YLE18 Harjoittelu 3 cr and 81822 MAE33 Erikoisharjoittelu 1 cr.

Vastuuhenkilö / Responsible person Marko Lindroos, Leena Rantamäki-Lahtinen

AGERE-028 Career orientation/ Career-related project

1st year spring term or 2nd year autumn Osaamistavoitteet / Learning outcomes Toteutus / Completion methods

Integrated to other courses. The course can be replaced with https://helsinki.demola.net/ course.

Project report as individual or group work

Oppimateriaali ja kirjallisuus / Study materials and literature Given during course

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning Group work, organization visits, report writing, result presentation, using social media in communicating the results Arviointimenetelmät ja –kriteerit / Assesment practices and criteria

pass / fail

Yhteydet muihin opintojaksoihin / Relatiuons to other study units Student can also replace course with a course AGRI-021 Project work Vastuuhenkilö / Responsible person

Marko Lindroos, Leena Rantamäki-Lahtinen

AGERE-030 Master´s thesis

Available only for students of Agricultural, Environmental and Resource Economics Master’s programme (AGERE). The course is compulsory for the students in Master’s Programme in Agricultural, Environmental and Resource Economics.

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Mainly second year of MSc studies. Research planning starts on period 4 in the first year of MSc studies. Compiling the literature review and gathering of data starts during the autumn period of second study year; data processing and writing will be completed on periods 3 and 4 of the second study year.

After completing the thesis process, the student will be able o to plan and implement a research project in a timeframe

o to define appropriate research questions and base them with a theoretical framework o to design and carry out data collection under supervision

o to analyse the data and interpret the research results o to present the results of the research according to scientific standards

o to apply ethical principles in science Toteutus / Completion methods

Approval and grading is based on the written Master’s thesis. The thesis cannot be approved until the student has passed the maturity test. MSc thesis project includes a written research plan and data collection under supervision.

Student will write the MSc thesis consisting of 25-40 pages. Typically, the work is carried out in a research project in which you have a clearly defined and an independent role. For detailed information about the Master’s thesis, see the Faculty’s General Instructions for Master’s Theses.

The student needs to have the necessary theoretical knowledge and practical skills for data collection, research methods and scientific writing. These are provided by the courses during the first study year and periods 1 and 2 in the second year.

A Master’s thesis project consists of one to four phases:

1. design and planning of the study including a literature review 2. gathering the data (interviews, surveys, statistical data, experiments)

3. analysing the data using statistical, econometric or economic modelling methods

4. interpreting and discussing the results in the light of existing literature and drawing conclusions.

Mainly international, scientific papers depending on the topic of the Master’s thesis. Guidelines for academic scientific writing. Material of the seminar series.

The MSc thesis will be graded on the scale according the guidelines set by the University and the Faculty.

For further information, see the General Instructions for Master's Theses. Each MSc thesis must have at least one supervisor who is a principal investigator at the university or elsewhere. The thesis can be written in English or in the student’s chosen degree language (if Finnish or Swedish).

The maturity test is completed by the approved abstract of the thesis. The Master’s thesis cannot be approved until the student has passed the maturity test. Participation in 12 AGERE seminars is required. These must include own presentation of research plan, serving as a chair person once in a research plan and once in a master thesis seminar, presentation of the results of own thesis and serving as an opponent for another thesis.

Replaces the former courses 81824 MAE35 Maisterintutkielma (YE) 40 cr OR 863014 YLE21 Maisterintutkielma (YE) 40 cr.

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MSc thesis will be supervised by a professor of the program or another person accepted by the MSc program.

AGERE-A01 Price Analysis and Market Structure of the Agrifood Supply Chain

AGERE-students. The course is also available to students from degree programmes other than Agricultural, Environmental and Resource Economics Master’s programme (AGERE).

Ajoitus / Timing II-period, First year

Osaamistavoitteet / Learning outcomes Students will be able to:

1. Use economic theory and econometric methods to analyse specific agricultural and food markets.

2. Characterize the economic mechanisms affecting market demand, supply and prices 3. Identify different market structures and assess their economic implications

The course will be offered in the form of contact teaching and attendance is recommended.

Intermediate level of Microeconomics; Basic level of Statistics and Mathematical Economics; Econometrics.

After: MAL5, MAL15, MPOL4 or YET-211, YET-211, YET-218

AGERE-A08 Agricultural and Food Policy Analysis. AGERE-A03 (International Agricultural Trade and Trade Theory), AGERE-A05 (Production Economics and Farm Management) and EKM-113 (Business Analysis of Growth-oriented Small and Medium Sized Enterprises)

Supply, demand and price theory; introduction to industrial organization; the empirical estimation and interpretation of supply and demand relationships; the structural approach to the analysis of agri-food markets; Time series properties of agricultural and food prices, and the use of time series econometrics to forecast prices.

1. F. Bailey Norwood and Vayson L. Lusk (2008). 'Agricultural Marketing and Price Analysis', Pearson Education Other readings will be introduced throughout the course

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activities and teaching methods in support of learning Mainly lectures with in-class exercises and discussions, complemented with computer lab sessions.

Students are expected to complete empirical exercises and pass a final examination successfully.

Lisätiedot / Other information Replaces the former course

863067 YLE22.5. Vaihtuva teemakurssi OR

81825 MAE20 Current issues in agricultural economics OR

82011 MPOL7 Politiikan ja poliittistaloudellisen päätöksenteon analysointi Yhteydet muihin opintojaksoihin / Relatiuons to other study units Vastuuhenkilö / Responsible person

Xavier Irz

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AGERE-A08 Agricultural and Food Policy Analysis

Ajoitus / Timing III-period / odd years

Osaamistavoitteet / Learning outcomes On completion of the course the students will:

1. Understand and have the ability to apply analytical methods grounded in welfare economics to investigate various policies affecting agriculture and the food system.

2. Be abreast of the main policy issues affecting the agri-food sector, including the effects of the Common Agricultural Policy and proposals for its renewal; competition policy in the food chain; food safety policy; R&D and science policy;

nutritional health and sustainable diet policy; and interventions to reduce food waste.

3. Develop critical thinking about public policy in the agri-food sector.

Intermediate level of Microeconomics; Basic level of Statistics and Mathematical Economics; Introductory Econometrics

AGERE-A01 (Price Analysis and Market Structure of the Agrifood Supply Chain), AGERE-A03 (International Agricultural Trade and Trade Theory), AGERE-A05 (Production Economics and Farm Management)

The first part of the course presents the main policy issues in agriculture, the general principles of welfare economics as well as applied tools for policy analysis (e.g., partial equilibrium model and surplus analysis). In a second step, the toolkit is applied to analyse policies throughout the food chain, from the primary producer to the final consumer.

Topics cover agricultural policy (in particular the Common Agricultural Policy) as a way of addressing the “farm problem”; imperfect competition in the food chain; research and science policy; food waste and its prevention;

nutritional health (e.g. obesity) policy and other demand-side issues. The emphasis is placed on the economic mechanisms generating policy outcomes in terms of efficiency and equity.

There is no single textbook and relevant literature will be introduced throughout the course.

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning Mainly lectures with in-class exercises and discussions, complemented by additional readings and two review sessions.

Arviointimenetelmät ja –kriteerit / Assesment practices and criteria One assignment combining problem solving and essay writing.

One final examination.

Lisätiedot / Other information Replaces the former course

82066 MPOL19 Price Analysis and Market Structure of the Agrifood Supply Chain I OR 82011 MPOL7 Politiikan ja poliittistaloudellisen päätöksenteon analysointi OR 863067 Vaihtuva teema kurssi

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Vastuuhenkilö / Responsible person Xavier Irz

AGERE-A03 International Agricultural Trade and Trade Theory

AGERE-students. The course is also available to students from degree programmes other than Agricultural, Environmental and Resource Economics (AGERE).

Ajoitus / Timing III-period / even years

This course is designed to increase students' understanding of the role of trade policy in agriculture and the effects of various trade policies and agreements on domestic and international competition, prices, consumption, production, trade, and the welfare of producers and consumers. It also gives students the opportunity to enhance their analytical skills.

Intermediate level of Microeconomics; Basic level of Statistics and Mathematical Economics; Econometrics.

After: MPOL1, MAL5, MAL15, MPOL4 or YET-205, YET- 218 ja YET-221 Suositeltavat valinnaiset opinnot / Recommended optional studies

AGERE-A01 (Price Analysis and Market Structure of the Agrifood Supply Chain), AGERE-A02 (Price Analysis and Market Structure of the Agrifood Supply Chain II), AGERE-A05 (Production Economics and Farm Management), and EKM- 113 (Business Analysis of Growth-oriented Small and Medium Sized Enterprises)

The gravity model; Pure theory of international trade; Protection of domestic industry; Foreign exchange markets;

Agricultural trade and economic development; Agricultural trade and the environment.

1. Won W. Koon and P. Lynn Kennedy (2005). 'International Trade and Agriculture', Blackwell Publishing 2. Michael R. Reed (2001). 'International Trade in Agricultural Products', Prentice-Hall

3. Houck, J. (1992). 'Elements of Agricultural Trade Policies', Waveland Press

4. Krugman, P.R. and Obstfeld, M. (2014). 'International Economics: Theory and Policy', Pearson Series in Economics.

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning Various theoretical and methodological topics are introduced through lectures and complemented by exercises and empirical tasks. Those strengthen the students’ skills and knowledge by connecting theory, practice, and policy. The teaching is based on interaction between students and the teacher.

Students are expected to complete an assignment and pass a final examination.

Yhteydet muihin opintojaksoihin / Relatiuons to other study units Replaces the former course

82064 MPOL18 International agricultural trade and trade theory OR 863067 YLE22.5. Vaihtuva teemakurssi

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Xavier Irz

AGERE-A04 Risk Management in Agriculture

AGERE-students. The course is also available to students from degree programmes other than Agricultural, Environmental and Resource Economics (AGERE)

Ajoitus / Timing II-period First year

Students acquire skills to analyze of risk and uncertainty in agricultural decision making and understand how of risk and risk management should be used in economic analysis.

The course is kept by eight different lecturers from various aspects of risk and uncertainty in agriculture. The lecturers come from research institutes and banks. Students who have only taken an introductory level microeconomics course such as Y55a Microeconomics principles or have particularly relevant experience can still enroll in the course.

However, they should be prepared to spend extra time learning the underlying microeconomic principles and tools.

The completion is based on an assignment (20%) and an exam (80%).

The assigment: from the reading list comprising of 18 articles, the student chooses 4 to be reviewed. You can replace max 2 articles with your own selection outside of the list, but within field of Risk Management in Agriculture. A review of 2 pages per article to be reviewed as a written essay. 20 % of the grading will be based on this assignment (0-6.5 points)

Exam: in order to pass the course students have to pass a written exam based on the lectures and to a smaller extent the articles and literature. Students have to write essay type of question by hand on a paper answering five different themes/question. Each question is given points 0-5 based on the content of written answer and how well it

corresponds to the question. Total number of points are 5 p * 5 questions = 25 points+ 6.5 points from the assignment or a total of 31.5 points The students need to get at least 16 points (50%) to pass the exam.

Students enrolling in this course should have a knowledge basics in Farm Management and Production Economics, Intermediate level of Microeconomics; Basic level of Statistics and Mathematical Economics; Econometrics.

After: YET-211 Elementary Production Economics, YET-002 (or YET-003) Basics of Microeconomics, YET-216 Investment, Finance and Liquidity.

AGERE-A05 (Production and Cost Theory) AGERE-A06 (Theories and Application in Strategic Management) AGERE-A01 Price Analysis and Market Structure of the Agrifood Supply Chain

The purpose of the course is that students acquire an understanding of recent modelling risk and uncertainty in agriculture:

How risk and its variance can be measured and how they can be spread?

Tools for risk management at farm level

Different approaches to crop and animal production insurance as a means to cope with risk Economic analysis of risk related to animal diseases

This involves risk and uncertainty in agricultural decision making, risk attitudes, variance and risk, various aspects of risk analysis and risk management: risk and farm management, income stabilization and insurance in agriculture, Monte Carlo and stochastic simulation, animal health and risk, farm risk management and leadership, alien plant species, plant pests and consumers perceptions of risks in food.

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Hardaker, J. B., Lien, G., Anderson, J. R. and Huirne, R. B. M. Coping with Risk in Agriculture. 3. ed. 2015. ISBN 978-1- 78064-240-6 (pbk) ISBN 978-1-78064-574-2 (hardback)

Hoag, D. Applied Risk Management in Agriculture. 2010.ISBN 978-1-4398-0973-0

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning Teaching based on lecturers and material provide by teachers who relate risk to their own research work carried out and articles written.

Assessment is taking place based on a final essay exam with five questions from different lecturers. Students have two hours to write these five essay answers.

81842 MAL12 Maatilayrityksen johtaminen ja riskinhallinta OR 81838 MAL11 Omaisuuden arviointi OR

863067 YLE22.5. Vaihtuva teemakurssi Vastuuhenkilö / Responsible person John Sumelius

(other teachers: Timo Sipiläinen, Leena Rantamäki-Lahtinen Sami Myyrä, Petri Liesivaara, Jarkko Leppälä, Jarkko Niemi, Olli Niskanen and Jaakko Heikkilä

AGERE-A05 Production and Cost Theory

Ajoitus / Timing III-period First year

The student knows primal and dual approaches of production and cost theory and the basics of the axiomatic approach in addition to functional representation. The student is capable to apply the theory especially in agricultural production and cost analysis. The student understands the assumptions underlying his research and is capable of taking them into account in the interpretation and use of the results. Efficiency and productivity analysis in relation to production and cost theory are also introduced.

The course includes lectures and contact teaching, exercises and home assignments. Reading and discussion about articles and/or writing reviews are required.

The material and exercises are available in Moodle, which make it possible to take the course partially as a distance learning course. There are no attendance requirements. The completion of the course requires the fulfillment of home assignments, exercises and the final exam.

Elementär produktionsteori (YET211), Intermediate microeconomics (YET202), Econometrics (YET220).

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On the course neoclassical microeconomic theory is applied from the perspective of agricultural firms. The lectures introduce the student to modern cost theory, i.e., the dual approach, in addition to the traditional production theory.

The course covers the basic methods of frontier analysis covering both data envelopment and stochastic frontiers approaches.

Oppimateriaali ja kirjallisuus / Study materials and literature The literature will be announced during the course.

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning Lectures, exercises, home assignments, final exam and course feedback.

Materials and additional information is provided in Moodle during the course Arviointimenetelmät ja –kriteerit / Assesment practices and criteria

The assessment is based on the weighted average of exercises, home assignments and final exam. The scale of assessment in 1 – 5.

Suoritustavat / Completion Lisätiedot / Other information Teaching language is English

81861 MAL14 Tuotanto- ja kustannusteoria OR 863067 YLE22.5. Vaihtuva teemakurssi Vastuuhenkilö / Responsible person Timo Sipiläinen

AGERE-A06 Theories and Applications in Strategic Management

Ajoitus / Timing IV-period, First year

Students learn key theoretical perspectives from the strategic management literature, and learn how they can be applied in research and practice.

The course will be offered in the form of contact teaching and case studies. In addition students are required to write essays and do other coursework.

Suositeltavat valinnaiset opinnot / Recommended optional studies YET-219 Maatilan tuotannon suunnittelu (production planning course) YET-102 Sustainability and global food value chains

Or other similar undergraduate courses in management, marketing, entrepreneurship or microeconomics Sisältö / Contents

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Introduction to different theoretical approaches and recent research concerning strategic management in the agrifood sector. The course contents includes strategic management research from different theoretical perspectives (e.g.

resource-based theory, principal-agent theory, family business) and case studies.

Oppimateriaali ja kirjallisuus / Study materials and literature Literature will be provided by the teachers.

Oppimista tukevat aktiviteetit ja opetusmentelmät/ Activieties and teaching methods in support of learning Teaching is based on lecturers, case studies and other materials provided by teachers.

Arviointimenetelmät ja –kriteerit / Assesment practices and criteria Completed coursework (individual and groupwork) , in scale 0 – 5.

Lisätiedot / Other information Teaching language: English

81842 MAL12 Maatilayrityksen johtaminen ja riskinhallinta OR 81865 MAL17 Maatalouden liiketaloustieteen menetelmät ja mallit Vastuuhenkilö / Responsible person

Leena Rantamäki-Lahtinen, Bodo Steiner

AGERE-A07 Changing theme course in Agricultural economics

The course is not available to students from other degree programs except Agricultural, Environmental and Resource Economics Master’s programme (AGERE)

Ajoitus / Timing Year 1 or 2

Osaamistavoitteet / Learning outcomes Toteutus / Completion methods

Variable course, for example visiting lecturers & courses completed during study exchange Oppimateriaali ja kirjallisuus / Study materials and literature

Given during course

pass / fail

Suoritustavat / Completion Lisätiedot / Other information