Candidate seeking admission to the Master of Agricultural Economics Degree Programme must have any of the following qualifications from recognized institutions:
AEE 811 Microeconomic Theory 2 Credit Units
Methodology and role of models in economic theory. Theory of consumer behavior – demand functions. Theory of production – types of production functions. Technical progress; Types of production; Recent models of oligopoly and the behavior of multi-national corporations. Welfare economics including an extended discussion on externalities.
AEP 811 Production Economics 2 Credit Units
Theories of production, agricultural production functions, resource returns in agriculture, cost and supply functions, input demand functions, optimization and farm planning under uncertainty, efficiency and innovation in agriculture. Theory of the firm in application to the problems of product supply, input demand and resource allocation.
AEE 813 Introduction to Quantitative Techniques 2 Credit Units
Examination of research process in agricultural economics with particular reference to problems of measurement and estimation, practical application of the techniques of model building. Review of mathematical techniques in economic analysis. Topics include: Calculus of variation, Integration, Linear algebra, Classical optimization, Games theory and applications to economic analysis, Programming.
AMC 811 Agricultural marketing and Price Analysis 2 Credit Units
Analysis of demand, supply and equilibrium price measurement and use of different types of elasticities, pricing efficiency for agricultural commodities. Construction and use of index numbers. Types and basis of government price policies. Methodology in price analysis.
AEE 821 Macroeconomic Theory 2 Credit Units
The classical macroeconomic models; The Keynesian model with fixed and variable price levels in economic theory. Comparison of classical and Keynesian models. Consumption function, investment demand theory, Monetary and fiscal policies as demonstrated by IS-LM curves. Demand and supply of money, inflation, unemployment, trade cycle theories, economic growth.
AEP 821 Farm Management 2 Credit Units
Application of concepts and tools of farm business management in farm planning and management, business analysis and planning interpretation, use of information for decision making in organizing farm business to achieve goals. Planning under risk and uncertainty, farm budgeting, cost-benefit analysis, time value of money.
AMC 823 Agricultural Cooperatives 2 Credit Units
Agricultural marketing theory, concepts and theory, marketing functions; processing, transportation and distributing channels; marketing institutions, cooperatives, market structure, conduct and performance, social and private costs, cost-price relationships, marketing margins, efficiency, agricultural trade and foreign price analysis; specialization, forward and backward integration; contracts and bargaining strategies; utilization and commercialization; promotions strategies.
AEE 824 Agricultural Development and Policy 2 Credit Units
Public policies and programmes affecting agriculture and agribusiness, development of policies and programmes, identification of relevant issues, reviewing past and projecting future means to attain the goals.
AEM 821 Agribusiness Management 2 Credit Units
Establishment of objectives, policies, operating methods and organization of agribusiness, personnel management, design and control of production systems; selection of equipments and processes; inventory and production control, quality control, use of accounting record management control, break-even analysis, capital budgeting.
AER 821 Resource Economics 2 Credit Units
Land as an economic concept. Land ownership and decision-making, economic, social and institutional factors affecting the industry of land and development. Assessment, wealth generation capacities of national resources – forestry, fisheries, water and minerals. The social economic trade-off in development and conservation of resources. Analysis of pollution, economic theory of common property resource. Divergence between social cost and private cost, property rights and amenity, risk, transaction costs, dynamics of resource use. Tools for economic property resource use. Tools for economic evaluation. Cost benefits measurement of land and irrigation projects, environmental cost of economic growth, economic growth and natural resource environmental regulation.