Agribusiness

Master's Program (S-2)

Learn more about various concentrations, explore the Curriculum adjust your Course Schedule to fit your time, know the required Tuition Fees, and understand the expected learning outcomes All the information you need to start your academic journey is here.

Concentration

The following is a list of specializations contained in Master's Program in Agribusiness

Financial Agribusiness

Agribusiness finance is a focus of study in the Master's Program in Agribusiness that addresses financial management and analysis specific to the agricultural industry. The program teaches financial concepts, financial planning, investment analysis, and financial strategies relevant to agribusiness. During the program, students learn about financial statements, cash flow management, financial risk management, and investment in the agricultural sector. They also understand taxation and financial regulations specific to agribusiness. In addition, students are taught to use the latest software and technology to analyze financial data and make better investment decisions. The main objective of this discipline group is to train students to become experts in planning, managing, and monitoring the financial aspects of agricultural businesses. They will be able to understand the financial factors that affect the success of agricultural businesses, ranging from small to large scale. With an emphasis on agribusiness finance, graduates are expected to contribute to improving the agricultural sector's efficiency, growth, and sustainability. In addition, students are also trained to understand and overcome financial challenges typical in agribusiness, such as commodity price fluctuations, natural risks, and changes in government policies. These capabilities are critical in managing risks and achieving sustainable financial goals in the dynamic agricultural industry.

Agribusiness Marketing

Agribusiness marketing in the Master's Program in Agribusiness is a focus of study that explores marketing strategies and sales management of agricultural products. This program studies marketing concepts, market research, promotion, distribution, and brand management, especially in the context of the agricultural industry. During the program, students understand consumer behavior related to agricultural products, market analysis, pricing strategies, and supply chain management in agribusiness. They also learn about product innovation, branding, and the application of information technology in agribusiness marketing. The main objective of this discipline group is to train students to become experts in developing effective marketing strategies for agricultural products. They will be able to identify market opportunities, develop marketing campaigns that suit the characteristics of agricultural products, and manage distribution and promotion to maximize profits. Students are also taught about the importance of ethics in agribusiness marketing, including sustainability and local community involvement. This is expected to form graduates who hold responsible and sustainable business principles.

Agricultural Extension and Communication

Agricultural extension and communication in the Master's Program in Agribusiness is a focus of study that explores effective extension and communication strategies in agriculture. This program equips students with knowledge of communication, psychology, extension strategies, and information technology to support the development and success of agribusiness. During the program, students understand the concept of effective communication, the creation of appropriate extension materials, and techniques for delivering information to the farming community and other relevant stakeholders. They also learn to analyze the needs and characteristics of the audience so that extension can be tailored to their context and level of understanding. The main objective of this scientific group is to train students to become agricultural extension workers who can support farmers in optimizing their production and welfare. Students are also trained to manage extension programs, establish effective communication patterns between farmers and markets, and build good relationships between stakeholders in the agricultural sector. Students are taught to utilize information technology and social media to support extension and communication in agriculture. They are also trained to understand ethics and sustainability in agricultural extension, promoting sustainable and ethical agricultural practices.

Curriculum

The following is a complete list of courses that will be taken in each semester.

Semester 1 add remove

AGR5101 Macroeconomics

2 SKS

The Macroeconomics course discusses the development of macroeconomic theory, national income, aggregate supply and aggregate demand, IS-LM model, money supply and money demand, imbalances and unemployment, inflation, open economy, trade balance, exchange rates, and economic growth.

AGR5102 Microeconomics

2 SKS

The Microeconomics course discusses market mechanisms and price determination through the interaction of supply and demand, elasticity, production with one and two input factors, production costs, profit maximization, perfectly competitive markets, monopolistic markets, competitive monopolistic markets and oligopolies, consumer behavior, general equilibrium and welfare, as well as public goods and externalities.

AGR5103 Analysis of Agribusiness

3 SKS

The Agribusiness Analysis course discusses agriculture and agribusiness, natural and human resources, business scale and efficiency, agribusiness organization, finance and financing in agribusiness, policy in agribusiness, technology and its impact in agribusiness, planning and organization in agribusiness, and related case studies.

AGR5104 Human Resources Management

3 SKS

The Human Resource Management course discusses human resource and talent management, HR management planning, recruitment, training needs analysis, human resource development, career planning, performance appraisal/key performance indicators, financial compensation, non-financial compensation, work environment/health and safety, and labor associations.

AGR5105 Financial Management

3 SKS

The Financial Management course addresses cash flow management, business plan completion, business equity valuation, profitability assessment, succession and legacy planning, financial analysis, and budgeting for change.

AGR5106 Managerial Economics

3 SKS

The Managerial Economics course discusses an introduction to economic decision making, decisions within the firm (optimal decisions using marginal analysis, demand analysis and optimal pricing, demand estimation and forecasting, production processes and costs), competing in markets (managing in competitive, monopolistic, and monopolistic competitive markets, pricing strategies for firms with market power, strategies for changing the business environment), decision making under uncertainty, asymmetric information and organization, regulation, public goods, and cost-benefit analysis, and the role of government in the market.

Semester 2 add remove

AGR5207 Quantitative Method

3 SKS

The Quantitative Method course discusses economic models, statistics and samples, inferential analysis, regression and BLUE assumptions, model specification, cross section, time series, and panel data, data organization (descriptive analysis and simultaneous models), error correction models, probability models, distance models, and frontier analysis.

AGR5208 Natural Resources and Environmental Economics

2 SKS

The Natural Resources and Environmental Economics course discusses the classification of natural resources, scarcity and economic activities, internalities and externalities, consumer surplus, producer surplus, and land rent, economic valuation of natural resources, natural resource management, renewable and non-renewable natural resources, natural resources as inputs in agricultural development, integrated development, and sustainable development.

AGR5209 Agribusiness Production Management

2 SKS

The Agribusiness Production Management course discusses production strategies, production plans, organizing production factors, stock management, labor resources, financial management, operational and supply chain strategies, quality control, and waste management.

AGR5210 Research Method

3 SKS

The Research Methodology course discusses the research flow, research problem, background, and research questions, literature review, theories, recent developments, and referencing, research questions and hypotheses, descriptive and inferential analysis, case and case studies, sample size and sampling methods, data and measurement, quantitative and qualitative data, primary and secondary data, data and questionnaires, results and interpretation, and research questions, results, and conclusions.

AGR5296 Proposal Seminar

1 SKS

Semester 3 add remove

AGR5111 International Trade

3 SKS

The International Trade course addresses general trade theory, absolute and comparative advantage, direct production and acquisition through trade, self-autonomy versus imports, trade, domestic prices, and national income. Bilateral, multilateral, and regional trade, tariff and non-tariff barriers, free trade, direct and indirect foreign investment, supply chains and international trade, global market certification and demand, price transmission, and farmer welfare are also discussed.

AGR5112 Capita Selecta of Agribusiness

4 SKS

The Capita Selecta of Agribusiness course discusses the development of sustainability policies and programs in Indonesia; Green Growth Plan; Sustainable Supply Chain; Smallholder engagement and certification; International partnerships for inclusive and sustainable supply chains; Sustainable financing; Future markets; Field work.

AGR5113 Business Strategy

2 SKS

The Business Strategy course discusses elements of business strategy and policy; internal and external factors; corporate strategy; functional strategy; organizational structure and strategy implementation; human resource management and direction; finance and financing; support systems; case study 1; case study 2.

AGR5114 Marketing Management

2 SKS

The Marketing Management course discusses marketing for the 21st century; development of marketing strategies and plans; gaining marketing insights; creating long-term loyalty relationships; introducing new market offerings; challenges facing marketers in a digital world; new strategies for technology-enabled marketing.

AGR5115 Analysis of Commodity Markets and Agroindustry

2 SKS

The Analysis of Commodity Markets and Agroindustry course discusses commodity market mechanisms; domestic and global commodity markets; upstream agroindustry; downstream agroindustry; future and futures markets; commodity market structure; cash-based contracts in agribusiness; option contracts in agribusiness; simulation; case study 1; case study 2.

Semester 4 add remove

AGR6297 Thesis

4 SKS

AGR6298 Result Seminar

1 SKS

AGR6299 Thesis Final Exam

1 SKS

Course Schedule

Tuition Fee

Here are the study fees Master's Program In Agribusiness

Master's Program Regular

IDR 8,500,000 Per student for 1 semester

Master's Program Institutional Development Fee (Independent Program Only)

IDR 7,000,000 One-Time Payment

Master's Program Education Development Contribution

IDR 8,500,000 Per student for 1 semester

Master's Program Academic Completion Fund

IDR 7,000,000 Per student for 1 semester

Learning Outcomes

Graduates must achieve the following learning outcomes: Attitudes, General Skills, Specific Skills, and Mastery of Knowledge

Learning Outcomes
1	Producing graduates with competence in the field of agribusiness based on tropical plant agricultural resources, agribusiness technology, and managerial skills, and who can compete in the global marketplace.
2	Producing graduates who are proficient in the theory and principles of agribusiness, with an emphasis on tropical plant agricultural resources, agribusiness technology, and managerial practices.
3	Become a study center and information center in the field of agribusiness, focusing on tropical plant agricultural resources, agribusiness technology, and managerial practices, particularly in the Province of North Sumatra.
4	Producing high-quality research in the field of agribusiness based on tropical plant agriculture resources, agribusiness technology, and managerial considerations.
5	Publish research in reputable international and national publications
6	Disseminate research results by participating in national and international conferences and workshops
7	Empowering agricultural communities through agricultural assistance and extension programs