Agricultural Economics

Agricultural Economics course plays a crucial role in understanding the relationship between agriculture and Economics. This course is designed in such in a progressive manner, starting from basic to advanced topics with simplified technical concept. The course will provide an in-depth idea about the role of Economics in the field of Agriculture. It covers a wide range of topics aimed at equipping learners with the knowledge and skills necessary to analyses and address economic challenges and opportunities within agriculture and rural development. The course assists learners to apply analytical, business and managerial skills to range of activities in the field of agriculture. This course helps in understanding how resources such as land, labor, capital, and technology are allocated within the agricultural sector. Efficient resource allocation is crucial for maximizing agricultural productivity and profitability. By enrolling in this course the learners learn about production functions, input-output relationships, cost analysis, and optimization techniques to maximize farm profitability and efficiency. It provides insights into the functioning of agricultural markets, including supply and demand dynamics, price determination, market structures, and market integration. The course enlightens the role of government policies and interventions in shaping agricultural markets and influencing farm income, production, and trade and enable learners to learn about agricultural policy instruments, including subsidies, price supports, trade policies, and their economic implications. The course provides an in-depth knowledge about market failures, externalities, and policy instruments for promoting sustainable agricultural practices and natural resource management. The Course will have specific learning objectives 1. Provide deep understanding of various concepts and theoretical perspectives related to Agricultural Economics. 2. Impart knowledge and skills necessary to analyse and address economic challenges and opportunities within agriculture and rural development. 3. Help in understanding of how resources such as land, labour, capital, and technology are allocated within the agricultural sector 4. Explore production functions, input-output relationships, cost analysis, and optimization techniques to maximize farm profitability and efficiency 5. Provide insights into the functioning of agricultural markets, including supply and demand dynamics, price determination, market structures, and market integration. 6. Analyze the role of government policies and interventions in shaping agricultural markets and influencing farm income, production, and trade 7. Evaluate the agricultural policy instruments, including subsidies, price supports, trade policies, and their economic implications. 8. Provides an in-depth knowledge about market failures, externalities, and policy instruments for promoting sustainable agricultural practices.