Executive Development Programme in Agricultural Economics Basics

• Introduction to Agricultural Economics: Understanding the basics of agricultural economics, including the role of agriculture in the economy, the unique characteristics of agricultural markets, and the policy environment.
• Principles of Supply and Demand: Examining the fundamental concepts of supply and demand, and how they apply to agricultural markets. This includes the determinants of supply and demand, market equilibrium, and price elasticity.
• Agricultural Production and Costs: Learning about the production processes and cost structures in agriculture. This includes the factors affecting crop and livestock production, efficiency measures, and cost analysis.
• Marketing and Price Analysis: Understanding the principles of marketing and price analysis in agricultural markets. This includes the role of market intermediaries, price discovery, and market information systems.
• Agricultural Policy and Regulation: Exploring the policy and regulatory environment for agriculture. This includes an overview of agricultural policies, trade policies, and regulations affecting agricultural markets.
• Risk Management in Agriculture: Examining the risks associated with agricultural production and how they can be managed. This includes understanding the different types of risks, such as production, market, and financial risks, and the tools and strategies available for managing them.
• Agricultural Finance and Investment: Learning about the financial aspects of agriculture, including sources of finance, investment appraisal, and financial management.
• Sustainable Agricultural Systems: Exploring the concept of sustainable agricultural systems and the role of economics in promoting sustainability. This includes understanding the environmental, social, and economic dimensions of sustainability, and the trade-offs between them.