Fundamentals of Agricultural Economics (B.Sc Agriculture)

Economic principles, demand and supply, production economics and the role of agriculture in the economy.

6 MonthsDuration 5Chapters22Topics

Enquire now

Syllabus · पाठ्यक्रम

Download PDF

01Unit 1: Basic Concepts 5 topics

Definitions of economics: Adam Smith, Marshall, Robbins
Micro and macro economics
Agricultural economics: meaning and scope
Goods, wants, utility, value and price
Role of agriculture in economic development

02Unit 2: Consumption and Demand 4 topics

Law of diminishing marginal utility
Law of equi-marginal utility and consumer surplus
Law of demand and its exceptions
Elasticity of demand and its measurement

03Unit 3: Production 5 topics

Factors of production and their rewards
Production function
Law of variable proportions
Total, average and marginal product
Supply and its determinants

04Unit 4: Markets and Pricing 4 topics

Market structures: perfect competition, monopoly, oligopoly
Price determination
Price fluctuation of farm products; cobweb theorem
Minimum support price

05Unit 5: National Income, Money and Inflation 4 topics

National income: GDP, GNP, NNP
Money and its functions
Inflation and deflation
Agriculture in the Indian economy

About

You will be able to

Explain basic concepts of economics and the scope of agricultural economics
Apply the laws of utility and demand and calculate price elasticity of demand
Explain factors of production, the law of variable proportions and calculate marginal product
Compare market structures such as perfect competition and monopoly and explain agricultural price behaviour
Explain national income, money, inflation and the role of agriculture in the Indian economy

Who it is for

B.Sc (Hons.) Agriculture students of Semester 2 (ICAR 5th Deans' Committee syllabus)
Students of UP agriculture colleges preparing for semester exams or back papers
Aspirants revising basics for ICAR / state agriculture exams

What you need

10+2 in any stream
Calculator for elasticity and production numericals

Questions

Which syllabus does this course follow?

It follows the ICAR 5th Deans' Committee syllabus of B.Sc (Hons.) Agriculture, Semester 2, used by UP agricultural universities and agriculture colleges.

What if my university syllabus is different?

The centre follows your own university's syllabus and previous papers; units missing here are added for your batch.

Does it help for competitive exams?

Yes - the same topics are asked in ICAR AIEEA PG, JRF, state agriculture officer and banking AFO exams.