This course focuses on both concepts and theories of production economics. The concepts and theories are applied in the context of agricultural production sector. These concepts include 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 agricultural sector. These include optimization methods, the determination of the risk and uncertainty of production and linear programming.