Courses Catalogue

Agriculture Economics

COURSE CODE: ECO3108
COURSE CREDIT UNIT: 3
ACADEMIC PROGRAMME: Education (Economics) - B.Ed
COLLEGE/SCHOOL/FACULTY: College of Education, Open and Distance Learning
STATUS: Elective
PROGRAMME TYPE: Undergraduate

Course Content and Outline

Course Content

General introduction to Agriculture Economics (6 hours)

·         Definitions of  Concepts

·         Principles and systems of Agriculture Economics

The structure of an agriculture economy (6 hours)

·         Types of  Markets

·         Role of Governments in the applications of trade

·         Money and capital in agriculture economy

Demand and Supply in Agriculture (7 hours)

·         Demand and supply function

·         Factors influencing demand and supply for agricultural commodities

·         Change in demand and change in supply for agricultural commodities

·         Good / bad paradox in the demand for agriculture commodities

Production in the agricultural sector (6 hours)

·         Agricultural Production functions

·         Production cost curves

·         Returns and profit maximization

Applications of supply and demand in the product markets (6 hours)

·         Elasticity of demand for agricultural commodities

·         Price fluctuations for agricultural commodities

·         The cob web theory

International trade in agricultural commodities (7 hours)

·         International commodities in the agricultural sector

·         Environmental factors influencing agricultural activity

·         Trade barriers

·         Trade policies for agricultural commodities

·         International trades  trade, barriers and other government trade policies

Farm planning and budgeting (6 hours)

·         Input / output analysis

·         Budget constraints

·         Farm planning budgeting acquiring and management of farm resources

Teaching and Learning Methods

·         Expository Lectures

·         Reading assignments

·         Group Discussions

·         Field trips

·         Guided Discovery

Students’ Learning Activities

  • Group Work
  • Classroom Presentations
  • Assignments