Agricultural Economics - कृषि अर्थशास्त्र

Program Class: Degree/ BA

Year: 3^rd

Semester: Sixth

Subject: Economics

Course Title: Agriculture Economics

Course Learning Outcomes:

On completion of this course, learners will be able to:

·      Students should be able to comprehend and explain the approaches to economic development with respect to dualistic development.

Students should be able to understand and explain the basics of agriculture economics.

Students should be familiar with labor issues in the agriculture sector.

Students should be able to explain the significance of agriculture in the economic growth and economic development of an economy and in the case of the Indian Economy.

Students should be familiar with the institutional initiatives to strengthen the rural and agricultural development to achieve self-sufficiency.

Students should be able to comprehend the role of credit in the development of agriculture in a country like India and the significance of institutional mechanisms in this regard.

Credits: 5

Core Compulsory

Max. Marks: –25+75

Min. Passing Marks: 33

Unit

Topics

I

Agriculture Economics – Meaning, Nature and Scope, Role of Agriculture in Economic Development; Inter Dependence of Agriculture and Industry, Agricultural Productivity.

II

Agricultural Production Function, Supply Response, Farm Size, Returns to Scale and Productivity. Farm Size and Productivity; Theoretical and Empirical Findings. Agricultural Price Policy in India.

III

Labour in Agriculture – Agricultural Labour: Problem and Policy. Concept and Measurement of Rural Poverty & Employment, Poverty Alleviation Programmes (in brief – the Objectives, Achievements & the Shortcomings).

IV

Current Issues in Indian Agriculture – Poverty & Food Security in India, Agro-Subsidies in India, Subsidy Vs Public Investment, Export and Imports of Agricultural Commodities, Terms of Trade in Indian Agriculture, WTO and Indian Agriculture-Bali Negotiations.

V

Land Reforms in India & Its Contemporary Relevance, Green Revolution and the Need for Second Generation, Green Revolution, Role of Infrastructural Support-Irrigation, Power, Seeds Fertilizers, Marketing Support System and Roads in Agricultural Development in India.

VI

Role of Credit in Agricultural Development, Institutional & Non-Institutional Sources of Credit in India, Cooperative Movement in India (In Brief). Role of Scheduled Commercial Banks, Lead Banks, Regional Rural Banks and NABARD to Promote Agricultural Development.

VII

Agricultural Marketing: Meaning and Concept. Structure of Agricultural Markets in India, Issues and Challenges in the Marketing of Agricultural Products in India (With Focus On The Post Reform Period-Post 1991).
Agricultural Diversification: Meaning, Concept & Issues. Crop Diversification: Meaning, Concept and Issues. Farm Incomes and Employment in Indian Agriculture.

VIII

Models of Agricultural Development: Physiocrats approach, W. A. Lewis model, Schultz Theory of Agricultural Development, Jorgenson’s Dual Economy Model.