Program Overview

The Master of Food and Resource Economics (MFRE) degree offered by the University of British Columbia (UBC) is responding to the demand in Canada and around the world for professionals capable of solving real problems in the food and resource sectors. The MFRE degree uniquely combines applied economics with policy analysis and agribusiness management. It combines the business and management elements of an MBA with the economic and analytical rigour of a M.Sc. in Agricultural Economics. The program is geared towards graduates and professionals such as commodity traders, policy analysts, market consultants, and researchers looking to sharpen their skill-sets with more advanced economics and real world applications. MFRE courses are conducted by faculty members and executives from industry and government, working in the food and resource sectors.

 

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Learning Objectives

MFRE candidates enter the program with their unique portfolio of skills, which are then further enhanced and developed through the program, in the following areas:

Applied Economics

  • Assessing agricultural commodity prices, including the economic determinants of commodity pricing relationships over space, time and form.
  • Exploring global markets for food and resources with emphasis on trade and competitiveness.
  • Conducting sound empirical research related to trade, consumer demand and food markets, through data and regression analysis in Stata and advanced spreadsheets.
  • Developing an ability to critically review articles and studies concerning food and resource markets.

Policy Analysis

  • Performing cost-benefit analysis through rigorous modelling.
  • Evaluating and quantifying greenhouse gas emissions and carbon offsets.
  • Analyzing a matrix of policy options with likely economic, environmental and efficiency vs. equity outcomes, and institutional constraints to implementation.
  • Evaluating project effectiveness utilizing UNDP principles of Monitoring and Evaluation (M&E).

Agribusiness Management

  • Analyzing financials to support interpretation and strategic planning for an agribusiness firm.
  • Identifying growth opportunities and developing business plans based on in-depth market research.
  • Assessing business practices and making recommendations for improvements.
  • Hedging commodity price risks for varying production profiles (e.g. annual and perennial crops).
  • Engaging in mock trading through simulated commodity trading games and having access to the CBOT Futures trading competition and the Bloomberg and Capital IQ platforms.

Read more about the MFRE Courses.