Transcription of Study Material Course No.: Ag Econ 122 (Production ...
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Study Material Course No.: Ag Econ 122 (Production Economics and Farm Management) Credit Hours : 1 + 1=2; Semester:II Prepared by Virender Kumar Professor ( agricultural Economics) Department of agricultural Economics, Extension Education & Rural Sociology, COA, CSKHPAU, Palampur-176 062 (HP), India Course Contents (Theory) Production Economics: Meaning, definition. Nature and scope of agricultural Production Economics. Basic concepts and terms. Meaning and types of production functions Laws of returns: Increasing, constant and decreasing. Factor-product relationship. Determination of optimum input and output. Factor-factor relationship. Product-product relationship. Type of enterprise relationship. Returns to scale: meaning, definition, importance. Farm management definition, scope, importance. Typical farm management decisions. economic principles applied to the organization of farm business.
agricultural production economics involves the study of factor-product, factor-factor and product-product relationships, the size of the farm, returns to scale, credit and risk and uncertainty, etc.
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321: Economics of Agricultural Marketing Course, Introduction to Agricultural, Economics, Agricultural economics, Introduction to Agricultural Economics, Introduction to Agricultural Economics Agricultural Economics, Introduction to Agricultural Economics Economics, Agricultural Economics AGEC, Introduction, The Economics of Agricultural Development: An, Agricultural, Agricultural Economics: A Brief Intellectual History, Agricultural Production Economics