2014م - 1444هـ
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Course Contents (Theory)

• Production Economics: Meaning, definition.

• Nature and scope of Agricultural Production Economics.

• Basic concepts and terms.

• Meaning and types of production functions

• Laws of returns: Increasing, constant and decreasing.

• Factor-product relationship. Determination of optimum input and output.

• Factor-factor relationship.

• Product-product relationship.

• Type of enterprise relationship.

• Returns to scale: meaning, definition, importance.

• Farm management definition, scope, importance.

• Typical farm management decisions.

• Economic principles applied to the organization of farm business.

• Types and systems of farming,

• Cost concepts and farm efficiency.

• Farm planning and budgeting.

• Risk and uncertainty.

• Linear programming: Assumption, advantages and limitations of linear programming.