| Academic Year |
2024Year |
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
（Katakana） |
ノウギョウセイサンケイザイブンセキ |
Subject Name in
English |
Agriculture Production Economics |
| Instructor |
JOSHI NIRAJ PRAKASH |
Instructor
(Katakana) |
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
Program
(Applicable only to targeted subjects for undergraduate students) | Elective |
|---|
Criterion referenced
Evaluation
(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 session
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
production
- 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 practical or
- 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. |
Text/Reference
Books,etc. |
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
Class,etc. |
|
| (More Details) |
PC, Projector, PPT |
| Learning techniques to be incorporated |
|
Suggestions on
Preparation and
Review |
Have to submit take-away points from each lesson before the subsequent lesson. The points will be discussed before starting the subsequent lesson. |
| Requirements |
|
| Grading Method |
- Participation – 15%
- Assignments – 25%
- Term paper – 30%
- Final exam – 30% |
| Practical Experience |
|
| Summary of Practical Experience and Class Contents based on it |
|
| Message |
|
| Other |
|
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. |