751-0423-00L  Risk Analysis and Risk Management in Agriculture

SemesterAutumn Semester 2017
LecturersR. Finger
Periodicityyearly recurring course
Language of instructionEnglish


751-0423-00 GRisk Analysis and Risk Management in Agriculture2 hrs
Thu13:15-15:00ML J 34.3 »
R. Finger

Catalogue data

AbstractAgricultural production is exposed to various risks which are important for decisions taken by farmers and other actors in the agri-food sector. Moreover, risk management is indispensable for all actors. This course introduces modern concepts on decision making under risk and recent developments in risk management. The focus of this course in on agriculture applications.
Objective-to develop a better understanding of decision making under uncertainty and risk;
-to gain experience in different approaches to analyze risky decisions;
-to develop an understanding for different sources of risk in agricultural production;
-to understand the crucial role of subjective perceptions and preferences for risk management decisions;
-to get an overview on risk management in the agricultural sector, with a particular focus on insurance solutions
Content- Quantification and measurement of risk
- Risk preferences, expected utility theory and alternative models of risk behavior
- Concepts on the decision making under risk
- Production, investment and diversification decisions under risk
- Risk management in agriculture
Lecture notesHandouts will be distributed in the lecture and available on the moodle.
Prerequisites / Noticeknowledge of basic concepts of probability theory and microeconomics

Performance assessment

Performance assessment information (valid until the course unit is held again)
Performance assessment as a semester course
ECTS credits3 credits
ExaminersR. Finger
Typegraded semester performance
Language of examinationEnglish
RepetitionRepetition only possible after re-enrolling for the course unit.

Learning materials

No public learning materials available.
Only public learning materials are listed.


No information on groups available.


There are no additional restrictions for the registration.

Offered in

Agroecosystem Sciences MasterAgricultural Economics and PolicyWInformation
Agroecosystem Sciences MasterMethods in Food and Resource Use EconomicsW+Information
Agroecosystem Sciences MasterMethods in Agricultural EconomicsW+Information