Authorised by Academic Registrar, April 1996
Objectives On completion of this subject students should understand the factors influencing the supply of and demand for agricultural products and how these interact in agricultural price formation; be aware of the cause and effects of agricultural price instability and of public and private mechanisms for managing such instability; apply production economics principles to the management of the farm enterprise.
Synopsis Microeconomic principles applied to the agricultural sector. Supply and demand for agricultural products.
Assessment Assignments (4000 words): 40% + Examination (3 hours): 60%