COURSE INFORMATION Course Title: AGRICULTURAL ECONOMICS

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 444	B	2	3	0	0	3	6

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Eglantina Hysa
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Elective
Classroom and Meeting Time:
Course Description:	-
Course Objectives:	This course aims to deepen students understanding of how economic theory can be applied to analyze problems of agriculture sector.

COURSE OUTLINE

Week	Topics
1	Introduction: What is agricultural policy?
2	Theory of consumer behavior.
3	Consumer equilibrium and market demand.
4	Measurement and interpretation of elasticities.
5	Introduction to production and resource use.
6	Economics of input and product substitution.
7	Market equilibrium and product price. Perfect competition.
8	Market equilibrium and product price. Imperfect competition.
9	Natural resources, the environment and agriculture.
10	Government intervention in the agriculture.
11	Macroeconomic policy and agriculture.
12	Why nations trade?
13	Agriculture trade and exchange rates.
14	Agriculture trade policy and preferential trading.

Prerequisite(s):
Textbook:	Introduction to Agricultural Economics (6th Edition) 6th Edition by John B. Penson (Author), Oral Capps Jr. (Author), C. Parr Rosson III (Author), Richard T. Woodward
Other References:
Laboratory Work:
Computer Usage:
Others:	No

COURSE LEARNING OUTCOMES

1	Students understand and display knowledge of consumer producer theory
2	Providing students with insight of understanding of economics in the contests of agricultural production system.
3	Understand how to apply basic economic concepts to predict likely changes in product prices and quantities.
4	Understand how changes in government regulations, taxes, consumer preferences and technology influence agricultural commodity markets and resource allocation
5	In the end of the course student will also be able to explain agricultural production and consumption by using economic theory.

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Master of Science in Economics Program
1	The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in economics but also to construct a model and defend in meaningful way.	5
2	They have knowledge about the microeconomics.	4
3	They have knowledge about the macroeconomics.	4
4	They have knowledge about the international economics and finance.	3
5	They have ability to use mathematical and statistical methods in economics.	2
6	They know how to use computer programs in both daily office usage and statistical data evaluations in public and private sector.	1
7	They have necessary economics skills that needed in private and public sector.	4
8	They are intended to be specialist in one of departmental fields that they choose from the list of general economics, growth and development, labor economics and labor market, environmental economics, agricultural economics, health economics, education economics and human development, political economics, international economics, monetary economics, finance economics, public finance, international financial markets and institutions, banking and central banking, international trade and banking, monetary economics and banking,	3
9	They have ability to utilize fundamental economic theories and tools to solve economic problems in economics.	4
10	They are aware of the fact that economics is a social science and they respect the social perspectives and social values of the society’s ethics.	3

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Homework	1	15
Midterm Exam(s)	1	30
Quiz	1	10
Final Exam	1	40
Attendance		5
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	16	3	48
Mid-terms	1	12	12
Assignments	1	10	10
Final examination	1	10	10
Other	2	11	22
Total Work Load:			150
Total Work Load/25(h):			6
ECTS Credit of the Course:			6