Course Content of B.Sc. Agricultural 3rd year 4 year Programme
AG ECON 301 PRODUCTION ECONOMICS AND FARM MANAGEMENT SEM V/IX 2 (1+1) Theory : Production economics: meaning, definition, nature and scope of agricultural production economics; basic concepts and terms; concepts of production; production function: meaning, definition, types, laws of returns-increasing, constant and decreasing; factor-product relationship; determination of optimum input and output levels; factor- factor relationship; product- product relationship; types of enterprise relationships; farm management: meaning, definition, importance; economic principles applied to the organisations of farm business; types and systems of farming, farm planning and budgeting, risk and uncertainty. Practical : Computation of different costs and their application, different methods of computation of depreciation; analysis of net worth statement, farm inventory analysis and systems of book keeping; preparation of farm plans and budgets, types of farm records and accounts; preparation of