2299.18 - Aquaculture Economics with Financing

2299.18

Aquaculture Economics with Financing

10

Requirements for admission are secondary school certificate with mathematics B level

Apply scientific skills of critical analysis within a defined range of taught course material. The course purpose is to provide students with; • an introduction to the Marketing, Developing and Running Aquaculture Businesses • Markets for Aquaculture products – Salmon in particular • Financing of Fish Farming Business • Managing Cash-Flow – pre & post-tax basis • Managing Bio-economic and Financial risks • Capital Budgeting in Fish-Farming Business (CAPEX) • Optimal Harvesting of Farmed fish

This course teaches the main economic and financial analysis of Aquaculture Business with particular attention to the Faroese salmon-farming industry. The course starts with economic theory for optimal harvesting of the fish, which serves as foundation for production plan and investment decision making. The course continues with an emphasis on farm-level economic modelling (bio-economics, optimal rotation, long-term investment in hatchery), and ends with providing the information necessary to conclude monetary valuations.

70hours over 14weeks The module lectures will covered specific economicZ concepts and definitions applicable to the economics of fish-farming industry. Exercise hours in excel (problem sets based on real-life data inputs), along visiting Faroese salmon-farming/producing sites.

Demonstration of the ability to solve complex problems with reference to theory and practice. The module aims to facilitate understanding of some unique challenges specific to Aquaculture production, and at the completition of the course students should be able to understand and critically evaluate concepts of; • understanding and managing operative risks in Aquaculture Businesses • ability to perform in depth Financial Analysis of Aquaculture Businesses

Oral Examination (viva voce) of 20 min. Student will chose one question set and will have 40 min to prepare exam answers, during which time it will be allowed to have access to textbook and lecture materials, but not internet and mobile phones.

External

7-

Aquaculture Economics and Financing, Management and Analysis , Author: Carole R. Angle (260pages) The Economics of Salmon Aquaculture, 2nd Edition, Bjorndal and Asche (237pages) The Marine Harvest Industry Handbook (pdf, 113pages) Marine Resource Economics Journal – selected publications Aquaculture Economics & Management Journal – selected publications Lecture Handouts

Mrdalo Zvonimir Pero Duro