COURSE INFORMATION
Course Title: AGRICULTURAL ECONOMICS
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
ECO 444 B 2 3 0 0 3 7.5
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: The main purpose of the National Accounts is the introduction of system indicators and accounts in macroeconomic aspects, which aim to present the economic development panel in a detailed and integrated manner. In addition, the purpose is to expand the theoretical or practical knowledge or the theoretical aspects of Master level students in understanding, compiling and analyzing macroeconomic indicators that characterize inclusive economic development. The main goals of this course are: - Absorbing theoretical and practical knowledge on the main socio-economic indicators of development, how these synthetic indicators are compiled and what they express. - Absorption of knowledge on the structure of GDP based on production and expenditure approaches, sectors. - Full assessment of the economic activity of different sectors and analysis of their indicators. - Assessment and analysis of environmental impact on national accounts and their indicators: Green GDP. - Absorbing knowledge and analysis structurally in the main reports and databases compiled by international institutions according to economic indicators.
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 Students apply advanced knowledge in economics 4
2 Students explain the interaction between related disciplines and economics 4
3 Students apply scientific methods to address economic problems 4
4 Students define existing theory in a specialized branch of economics 3
5 Students critically evaluate knowledge in economics and carry out advanced research independently 3
6 Students develop economic models and formulate policy options 2
7 Students make an original contribution to the discipline 4
8 Students effectively communicate in a variety of professional and academic contexts 3
9 Students will develop new strategic approaches for unexpected, complicated situations in economics and take responsibility in solving them 2
10 Students uphold and defend ethical values data collection, interpretation and dissemination 3
11 Students use advanced empirical analyses to address social problems 2
12 Students interact with professional networks in their field of specialization 2
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:
7.5