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AEC 201 Principles of Agricultural Economics

200 levelAgriculture10 topics

AEC 201 covers 10 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

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Course outline

The topics this course covers, in teaching order.

  1. Meaning and scope of agricultural economics
  2. Basic economic concepts and problems
  3. Demand, supply and price theory
  4. Theory of production and resource use
  5. Factor-factor, factor-product and product-product relationships
  6. Costs and revenue in agricultural production
  7. Agricultural marketing systems
  8. Farm organization and management
  9. Agricultural cooperatives
  10. Problems of Nigerian agriculture

A sample from this course

One topic, as StudyPath teaches it.

Meaning and scope of agricultural economics

Agricultural economics studies how scarce resources such as land, labour, capital, and management are used in agriculture to produce, process, distribute, and consume food and fibre. For examination purposes, you must master both the meaning of the subject and its scope, because questions often test how agricultural economics differs from general economics and the many areas it covers within the agricultural sector.

What you get for AEC 201