A221 BEEA3113 KUMP A AGRICULTURAL PRODUCTION ECONOMICS

This course focuses both concepts and theories of production economics and apply these concepts and theories in the agricultural sector. This concept includes the production function, cost function, the law of diminishing returns, elasticity of production, production levels, input substitution and returns to scale. In addition, the course also focuses on the methods or approaches to achieve the objectives of economic output in the sector included. These include optimization methods, the determination of the risk and uncertainty of production and linear programming