Hiroshima University Syllabus

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Academic Year 2023Year School/Graduate School Graduate School of Humanities and Social Sciences (Master's Course) Division of Humanities and Social Sciences International Economic Development Program
Lecture Code WMH02301 Subject Classification Specialized Education
Subject Name Agriculture Production Economics
Subject Name
Subject Name in
Agriculture Production Economics
ジョシ ニラズ プラカシュ
Campus Higashi-Hiroshima Semester/Term 1st-Year,  Second Semester,  3Term
Days, Periods, and Classrooms (3T) Tues5-8:IDEC 207
Lesson Style Lecture Lesson Style
(More Details)
Can be adjusted depending on the situation. 
Credits 2.0 Class Hours/Week   Language of Instruction E : English
Course Level 7 : Graduate Special Studies
Course Area(Area) 24 : Social Sciences
Course Area(Discipline) 03 : Economics
Eligible Students Master's student
Keywords Agriculture, Production relationship, risk, efficiency 
Special Subject for Teacher Education   Special Subject  
Class Status
within Educational
(Applicable only to targeted subjects for undergraduate students)
Criterion referenced
(Applicable only to targeted subjects for undergraduate students)
Class Objectives
/Class Outline
This course aims to introduce students with the basic concepts of agricultural production economics, such as production functions, different production models and cost functions. 
Class Schedule Lesson 1. Introduction
           - Orientation
           - Definitions and assumptions
              o Economics
              o Agricultural Economics
              o Agricultural Production Economics
              o Assumptions
Lesson 2. Definition and assumption
           - Economics
            - Agriculture Economics
            - Agriculture Production Economics
            - Assumptions
Lesson 3. Production functions
           - Concepts of production functions
Lesson 4. The factor product relationship
           - Law of diminishing marginal returns
           - Stages of production
           - Elasticity of production
Lesson 5. The factor-factor relationship
           - Isoquants
           - Marginal rate of substitution
           - Elasticity of factor substitutions
           - Factor of independence
           - Returns to scale
Lesson 6. Multiple products
           - Production possibilities frontiers
           - Types of multiple products (Competitive,
                supplementary, complimentary and joint products)
Lesson 7. Practical assessment
Lesson 8. Cost, returns and profits
           - Cost functions and cost curves
           - Cost minimization
           - Profit maximization
           - Duality theory
Lesson 9. Risk and uncertainty
           - Overview of risk and uncertainty in agricultural
           - Strategies for dealing with risk and uncertainty
Lesson 10. Technology in agricultural production
           - Measuring efficiency in agricultural production
              o Technical efficiency
Lesson 11. Technology in agricultural production (Cont...)
           - Measuring efficiency in agricultural production
              o Allocative efficiency
              o Economic efficiency
Lesson 12. Practical assessment
           - Visit a small farm nearby*
Lesson 13. Open book exam
Lesson 14. Closed book exam with objective questions based on the answers submitted in the open book exam
            - Brief review of the course
Lesson 15. Concluding class
            - Comprehensive discussion on the course and feedback
              from students

A term paper and final exams.

Take-away points from each lesson will be an assignment that should be submitted before the subsequent lesson. 
Debertin, D.L. 2012. Agricultural Production Economics (Second Edition). University of Kentucky, Lexington. Available online at http://www.uky.edu/~deberti/agprod5.pdf 
PC or AV used in
(More Details) PC, Projector, PPT 
Learning techniques to be incorporated  
Suggestions on
Preparation and
Have to submit take-away points from each lesson before the subsequent lesson. The points will be discussed before starting the subsequent lesson. 
Grading Method - Participation – 15%
- Assignments – 25%
- Term paper – 30%
- Final exam – 30% 
Practical Experience  
Summary of Practical Experience and Class Contents based on it  
Please fill in the class improvement questionnaire which is carried out on all classes.
Instructors will reflect on your feedback and utilize the information for improving their teaching. 
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