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Class Economics and Management

  • Presentation

    Presentation

    Economics and Management is a basic discipline in Veterinary Medicine and includes the areas of: a) business management in the context of animal production and animal feed, involving the structures of organizations, ways of managing available resources (factors of production), such as human, economic and asset resources; and, b) economic sciences associated with intermediate goods and final goods in relation to the production function, cost function, revenues and markets. This subject will study economic diagnostic tools (budgets and balance sheets) and improvement strategies. c) The management of companies at the CAMV level follows its own standards and protocols, not only those set by regulators such as OMV, DGAV, and the Chamber but also by the market in which it operates.
  • Code

    Code

    ULHT478-10393
  • Syllabus

    Syllabus

    ECONOMY The agricultural enterprise in the context of management. Characterization of the agricultural enterprise. Organization of financial information in the agricultural enterprise. Agricultural production management in the context of production. Characterization of the agricultural enterprise in terms of costs. Management of physical assets used in animal production. Management of natural resources. Critical control points in animal production. Management for environmental sustainability: climate change and CO2 mitigation. Management of intermediate and final products. MANAGEMENT Fundamental management principles applied to veterinary clinics. Strategies for the financial and operational sustainability of a CAMV. Applying marketing and psychomarketing concepts to attract and retain clients. Managing teams, leadership, and internal processes with a focus on efficiency. Implementing best practices in customer service and tutor experience. Developing a strategic plan for a CAMV.  
  • Objectives

    Objectives

    1. Acquire knowledge about the concepts and typology of agricultural organizations and their objectives, missions and values. Identify stages involved in creating a company and its activities. 2. Know how to use management and economic tools for the sustainability of agricultural enterprises; 3. Acquire concepts related to production efficiency, efficient use of equipment and inputs, production costs, and adoption of improvements. 4. Apprehend the concepts and components involved in the balance and interaction between animal, soil and plants. 5. Acquire knowledge about environmental impacts resulting from agricultural activities, to promote sustainable systems (reduction of greenhouse gas emissions and protection of soil and water resources). 6. Basic concepts of CAMV management, including organization, resources, finance, accounting, marketing, processes, and protocols
  • Teaching methodologies and assessment

    Teaching methodologies and assessment

    The teaching methodologies include theoretical and theoretical-practical classes (TP), fieldwork (TC) and seminars (S). The class material prepared by the teachers, as well as scientific articles, will be made available (online) to the students in the course space (Moodle), available on the institutional platform. In the TP component and in groups of 4-5 students, students will carry out class work (mini-tests), followed by submission (moodle), as well as the practical component work (Portuguese Food Balance) and field work (TC). Similarly, to the management component of the course unit.
  • References

    References

    Porter, Michael E. Competitive strategy, The Free Press, New York, 1980. 396p. ISBN 0-684-84148-7. Samuelson, P., Nordhaus, W. (2017). Economics. (19 th Edition). Mcgraw-hill/ Interamericana. 702p. ISBN-13: 978-0-07-351129-0 Barker, P. S. (2014). Accounting and finance for your veterinary practice. Wiley-Blackwell. Ettinger, S. J. (2009). Financial management for veterinarians: A practical guide. Wiley-Blackwell. Johnson, D. L. (2014). Sustainability in veterinary practice. Wiley-Blackwell. Lee, W. P. (2010). Veterinary marketing: A guide to building your practice. Veterinary Economics. Loughridge, B. J. H. (2016). The veterinary team’s guide to personal finance. Wiley-Blackwell.  
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