COURSE SYLLABUS

AGRICULTURAL PRODUCTION ECONOMICS

1	Course Title:	AGRICULTURAL PRODUCTION ECONOMICS
2	Course Code:	TEK3738-S
3	Type of Course:	Optional
4	Level of Course:	First Cycle
5	Year of Study:	3
6	Semester:	6
7	ECTS Credits Allocated:	4
8	Theoretical (hour/week):	2
9	Practice (hour/week) :	0
10	Laboratory (hour/week) :	0
11	Prerequisites:	None
12	Recommended optional programme components:	None
13	Language:	Turkish
14	Mode of Delivery:	Face to face
15	Course Coordinator:	Prof. Dr. Tolga TİPİ
16	Course Lecturers:
17	Contactinformation of the Course Coordinator:	ttipi@uludag.edu.tr, Tel:0 (224) 2941590 U.Ü. Ziraat Fakültesi Tarım Ekonomisi Bölümü Görükle/Bursa
18	Website:
19	Objective of the Course:	The objective of this course is to enable the students to learn the basis of the theories of microeconomics to make them comprehend the methods for solving resource use problems in farms and to provide them with the skills for transferring these methods into practice.
20	Contribution of the Course to Professional Development	Students can explain agricultural production functions, cost and profit functions.

Learning Outcomes:

1	Comprehending basics of production economics theory;
2	Becoming able to transfer the fundamental knowledge of production economics into practice and to interpret the results ;
3	Becoming able to evaluate the physical relationships between inputs and outputs economically;
4	Becoming able to chose among alternative input-output combinations;
5	To acquire the ability to guide farmers about effective use of resources;
6	To acquire the necessary skills for interpreting effects of technic and economic conditions on factor use and enterprise selection;
7	To acquire the necessary skills for interpreting effects of changes in farm scale and production technics on farms, sector and national economy;

22	Course Content:

Week	Theoretical	Practical
1	Introduction to Agricultural Production Economics-Classification of economics and approaches- Objectives of agricultural economics, Agricultural production economics-production economics and relationships with the other disciplines
2	Factor-product relationships; production function, law of diminishing returns, basic concepts
3	Stages of classical production function, analysis for basic concepts
4	Defining optimum input use level
5	Cost functions, deriving cost function from production functions, definition of costs, calculating costs
6	Profit function, maximum profit conditions
7	Factor-factor analysis; relationships between inputs, production surface, production function with two variable inputs, isoquant curves, marginal rate of substitution
8	Course Review and Midterm exam
9	Isocost curves, optimum combination of inputs
10	Elasticity of substitution, substitution and expansion effects, impacts of price changes on input use
11	Product-product analysis relationships between products, production possibilities curve, isorevenue line
12	Optimum combination of products
13	Economies of scale, relationship between size and scale, optimum farm size
14	Technical development, basic concepts, measurement and results of technical development

23	Textbooks, References and/or Other Materials:	1.Talim, M., 1999. Economics of Agricultural Production (Tarımsal Üretimin Ekonomisi), Ege University, Faculty of Agriculture Publications No: 537, Bornova, İzmir. (In Turkish) 2. Casavant, K.L.; C.L. Infanger, D.E. Bridges, Agricultural Economics and Management, Prentice Inc.,1999. 3. Debertin, D.L., Agricultural Production Economics, Macmillan Inc., 1986. 5. Doll, J.P., F. Orazem, Production Economics, Theory with Applications, Second Edition, John Wiley and Sons Inc., 1984.
24	Assesment

TERM LEARNING ACTIVITIES	NUMBER	PERCENT
Midterm Exam	1	30
Quiz	1	10
Homeworks, Performances	0	0
Final Exam	1	60
Total	3	100
Contribution of Term (Year) Learning Activities to Success Grade		40
Contribution of Final Exam to Success Grade		60
Total		100
Measurement and Evaluation Techniques Used in the Course	During the semester, students will have responsible project assignments. In addition, a final multiple-choice exam will be held at the end of the semester.
Information

ECTS / WORK LOAD TABLE

CONTRIBUTION OF LEARNING OUTCOMES TO PROGRAMME QUALIFICATIONS

LO: Learning Objectives

PQ: Program Qualifications

Contribution Level:

1 Very Low

2 Low

3 Medium

4 High

5 Very High