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Introduction to Agricultural Economics (Extended) - XME1501

Under Graduate Degree,Diploma Year module NQF level: 5 Credits: 12
Module presented in English
Purpose: The module forms part of BSC Agricultural Economics qualification. It is intended for Agricultural Economists, researchers, trainers and facilitators in the field of agricultural economics. It will be useful for students who want to pursue agricultural economics or farming as a career. Students accredited with this module are able to: Define the concept of "The economic problem" and relate it to the agricultural production situation. Describe the four factors of production. Explain the problem of consumer choice in the market. Discuss and apply the concepts of supply and demand on the market and how the government intervenes in the market. Describe input/output relationships in production economics. Understand market structures that exist in the economy