Overview

The Department of Agricultural Economics focuses on the application of economic theory and principles to agricultural and food systems. The key courses and goals in this field typically revolve around understanding how agricultural markets work, the economic forces that affect agriculture, and the policy and development issues in the agricultural sector.

Key Courses in Agricultural Economics:

  • Microeconomics in Agriculture – Economic decisions of individuals and firms in agriculture.
  • Macroeconomics in Agriculture – National and global agricultural policies and economic growth.
  • Agricultural Policy and Development – Government policies, subsidies, tariffs, and land reform.
  • Agricultural Finance – Financial management in agricultural businesses, credit, and risk management.
  • Agribusiness Management – Business principles applied to agriculture (marketing, supply chains, strategy).
  • International Agricultural Trade – Global agricultural markets and trade policies.
  • Environmental Economics – Interaction between agriculture and the environment (sustainability, climate change).
  • Farm Management – Resource management, budgeting, and production decisions on farms.
  • Rural Development – Economic challenges and solutions for rural communities.

Goals of Agricultural Economics:

  • Optimize Agricultural Production – Efficient resource allocation for maximum output.
  • Promote Sustainable Development – Develop strategies for sustainable agricultural practices.
  • Inform Policy Decisions – Provide analysis to shape agricultural policies (food security, equity).
  • Enhance Rural Livelihoods – Improve living standards in rural communities.
  • Foster Global Agricultural Trade – Study international trade dynamics and policies.
  • Address Food Security and Poverty – Economic solutions for food accessibility and poverty alleviation.