Course Code : ABF 471

Course Title : Agricultural Economics and Policy

Weekly lecture and application hours of the course: 4-0

Course Description:This course is a follow up of ABF 470 Principles of Economics and Management. Economic functions of an agriculturalenterprise. Basic principles of agricultural production functions with one variable input. Cost of production. Economic results of agriculturalenterprises. Basic concepts and special characteristics of the marketing of agricultural products. Demand, supply and marketing of agriculturalproducts. Marketing functions and services (standardization, packing, transit, information, market research, advertisement etc.). Marketinginstitutions and distribution networks. Competition, types, structure and organization of the markets of agricultural products. Consumer behaviour.Introduction to the international marketing of agricultural and food products. Decision making and marketing strategy. Marketing management inagricultural enterprises and industries. Cost, efficiency and evaluation of marketing systems.

Textbooks and supplementary books:

  1. Principles of Agricultural Economics 2nd Edition by Andrew Barkley  , Paul W. Barkley

  2. Agricultural Economics (3rd Edition)by H. Evan Drummond Ph.D. , John W. Goodwin

  3. An Introduction to Economics Concepts for Students of Agriculture and the Rural Sector by B Hill

Course Evaluation:

  • Class Participation 10%,

  • Mid-term Examination 30%,

  • Assignments 10%,

  • Final Examination 50%,

Attendance 95%compulsory