AGRO PATH FINDER • SKNAU JOBNER 2025
Principles of Agricultural Economics and Farm Management
B.Sc. (Hons.) Agriculture • Semester 4 • AGECON 221
Lecture-wise study materialsTheory & PracticalPDF • MCQs • Videos
Related Video Resources
Watch available videos for this subject →
Hindi / Hindi–English recordings; topic introductions and revision support. Match older course labels with your current syllabus.
Imported outline — verification pending
This schedule comes from the supplied HTML pack. Check the original university syllabus before treating wording, numbering or topic coverage as final. Numbering gaps in the supplied outline have been flagged for review; missing topics have not been invented.
Theory Lecture Schedule
19 indexed topics01
Economics: Meaning, scope and subject matter, definitions, activities, approaches to economic analysis; micro- and macro economics, positive and normative analysis.
02
Nature of economic theory; rationality assumption, concept of equilibrium, economic laws as generalization of human behavior.
03
Basic concepts: Goods and services, desire, want, demand, utility, cost and price, wealth, capital, income and welfare.
04
‘Agricultural economics: meaning, definition, characteristics of agriculture, importance and its role in economic development. 3. Agricultural planning and development in the country. 1
06
Demand: meaning, law of demand, demand schedule and demand curve, determinants.
07
Utility theory; law of diminishing marginal utility, equi-marginal utility principle.
08
Consumer’s equilibrium and derivation of demand curve, concept of consumer surplus.
09
Elasticity of demand: concept and measurement of price elasticity, income elasticity and cross elasticity.
10
Production: process, creation of utility, factors of production.
11
Laws of returns: Law of variable proportions and law of returns to scale.
12
Cost: Cost concepts, short run and long run cost curves.
13
Supply: Stock v/s supply, law of supply, supply schedule, supply curve, determinants of supply, elasticity of supply.
14
Concepts of rent, wage, interest and profit.
15
National income: Meaning and importance, circular flow, concepts of national income accounting and approaches to measurement, difficulties in measurement.
16
Farm Management, Meaning, Definition, objective, its relation with other sciences. Farm Types. Farm Planning and Budgets.
17
Seven Principles of Farm Management
18
Money: meaning and functions of money, classification of money, general price index, inflation and deflation.
19
Economic systems: Concepts of economy and its functions, important features of capitalistic, socialistic and mixed economies,
20
GST and its implication on Indian economy.
This page indexes the supplied topic outline. Lecture notes, PDFs, videos and tests will be linked only when those resources are available.
