Production Economics and Farm Management (Paper Code: 17010501) |
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Theory
Production economics: meaning, definition, nature and scope of agricultural production economics; basic concepts and terms; concepts of production; production function: meaning, definition, types, and laws of returns-increasing, constant and decreasing Factor-product relationship; determination of optimum input and output levels; factor- factor relationship; product- product relationship; types of enterprise relationships.Farm management: meaning, definition, importance; economic principles applied to the organizational farm business.Types and systems of farming, farm planning and budgeting, risk factors and uncertainty. |
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5
5
5 |
Must know |
Desirable to Know | ||
Nice to Know | ||
Practical
Computation of different costs and their application Different methods of computation of depreciation Analysis of net worth statement, farm inventory analysis and systems of book keeping; preparation of farm plans and budgets types of farm records and accounts; preparation of profit and loss account statements Economic analysis of different crop and livestock enterprises. |
10
10
10 6 4 |
Must know |
Desirable to Know |
Production Economics and Farm Management (Paper Code: 17010501)
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- Production Economics and Farm Management (Paper Code: 17010501)