Download Specialization Courses - Agricultural University Peshawar

DEPARTMENT OF AGRIC. ECONOMICS
Curricula for B.Sc. (Hons) Agriculture Degree Program
4th SEMESTER
Course No.
SES-411
WM-411
PP-411
WS-411
AgEc-411
Stat-411
Course Title
Credit
Hours
3 (2-2)
Introduction to Soil & Environmental
Sciences
Fundamentals of Water Management
Introduction Plant Pathology
3(2-2)
3(2-2)
Introduction to Weed Science
3(2-2)
Introduction to Economics & Agricultural Economics 3(3-0)
Statistics-II
3(2-2)
Total
18
Specialization Courses
5th Semester
Course No.
AgEc.-501
AgEc-503
AgEc-504
AgEc-505
AgEc-506
Agron-502
Course Title
Credit Hours
Agribusiness Management,
Marketing & WTO
Microeconomics
Macroeconomics
Farm Planning and Agribusiness
Agricultural Finance
Agro-Technology of Major Crops
(Elective)
3(3-0)
3(3-0)
3(3-0)
3(3-0)
3(3-0)
4(3-2)
6th Semester
Course No.
Course Title
AgEc-511
Mathematics for Economics
Credit
Hours
3(3-0)
AgEc-512
Economic Development
3(3-0)
AgEc-513
Marketing System Analysis
3(3-0)
AgEc-514
Introduction to Natural Resource Economics
3(3-0)
AgEc-516
Introduction to Research Methods
3(3-0)
ExEd-510
Agricultural Extension Methods
4(3-0)
174
7th Semester
Course No.
Course Title
Credit
Hours
AgEc-601
International Economics
3(3-0)
AgEc-602
Introduction to Econometrics
3(3-0)
AgEc-603
Agricultural Policy & Development
3(3-0)
AgEc.604
Economics of Agricultural Production
3(3-0)
AgEc-605
Economic Problems of Pakistan
3(3-0)
AgEc-606
Technology Application in Agricultural
4(3-1)
Extension Education
8th Semester
Course No.
AgEc-699
Course Title
Internship
Credit
Hours
15(0-15)
175
DETAIL OF COURSES
Introduction to Economics & Agricultural Economics
3(3-0)
Definitions and overview of economics, Subject Matter and Scope, Theory of
consumer behavior, Preferences, Utility and Law of diminishing marginal utility,
Indifference Curve Analysis, Demand curve and the law of demand. Supply curve and
the law of supply. Elasticity of Demand and Supply, Market Equilibrium. Market
Structures.
Definition, scope, nature and importance of agricultural economics, Agriculture
as industry, its peculiarities, and its role in national economy, Organization and
structure of the agricultural Sector, Factors of production and their rewards, Production
possibility frontier, Production function. Laws of return, and its significance in
agriculture, Choices and decision making in agricultural production. Land utilization and
land use policy, Land tenure systems and land reforms. Important indicators of
agriculture sector in Pakistan economy. Issues of agriculture sector in Pakistan.
Books recommended
1. Mankiw, N. Gregory. 2003. Principles of Economics (Third Edition). South-Western
College Publisher.
2. Hill, Berkeley. 1990. Introduction to Economics for Students of Agriculture.
Pergamon Press.
3. Khuwaja, A. Haleem. 2004. Fundamentals of Economics. Ilmee Kitab Khana Lahore.
4. Samuelson, P. A. and Nordhaus, W. D.
McGraw Hills, Inc.
2004.
Economics (Eighteenth Edition).
5. Cramer, G., Jensen C. W. and Southgate, D. D. 2000. Agricultural Economics and
Agribusiness. Eighth Edition. Wiley Publisher.
6. Penson, J. B., Capps, O. and Rossen C. P. 2001. Introduction to Agricultural
Economics. Third Edition. Prentice Hall, New Jersey.
7. Azhar, B. A. 1996. Pakistan Agricultural Economics. National Book Foundation,
Pakistan.
8. Pakistan, Government of Economic Survey 2003-04. Ministry of Finance,
Government of Pakistan.
176
Agribusiness Management, Marketing and WTO
3(3-0)
Definition, concepts and scope of Agribusiness Management. Important
features of Agribusiness management. Elements of good management. Functions of
management. Forms of business organization: Cooperatives in Agribusiness.
Agribusiness financial management. Marketing, Operating and managing human
resources in Agribusiness. Input markets in Pakistan. Definition of market and
marketing. Role of agri. marketing in economic development. Approaches to
understanding agricultural marketing problems. Marketing functions, Marketing
institutions. Marketing problems and remedial measures.
United Nations Conference on Trade and Development (UNCTD), Brief history of
General Agreement on Tariffs and Trade (GATT). Formation of the World Trade
Organization (WTO); Objectives, basic principles and functions of the WTO.
Structure, organization and dispute settlement mechanism of the WTO. Agreements
under GATT/WTO: The General Agreement on Tariffs and Trade (GATT);
Agreement on Agriculture (AoA); and its three pillars; Market Access; Domestic
Support; Export competition. Agreement on application of Sanitary and Phytosanitary
measures (SPS). Agreement on Trade Related Intellectual Property Rights (TRIPs);
Trade Related Investment Measures (TRIMs).
Books Recommended
1. Kohls, R.L. and J.N. UhI. Marketing of Agricultural Products. Seventh Edition.
New York Max Well. Macmillan. 1990.
2. Walters, F.E. Marketing of Agricultural Products. Ministry of Food. 1990.
Agriculture and Livestock, Govt. of Pakistan and Us AID, Islamabad.
3. Terry G.R. and Frankin. Principles of Management. The Interstate Printers and
Publishes, IIIinois. 1992.
4. World Trade Organization. The legal Texts: The Results of the Uruguay Round of
Multilateral Trade Negotiations. Cambridge. 1999.
5. NUST. WTO and its Impacts on Pakistan's Agriculture & Trade Institute of
Management Sciences, NUST, Rawalpindi. 2001.
6. Hoekman, B., A. Mattoo, P. English. Development, Trade and the WTO-A Hand
Book, The World Bank Washington, D.C. 2002.
7. Downey, W.D. & S. P. Erickson. Agri. Business Management. McGraw Hill.
Singapore. 1987.
8. Web page: www.wto.org
177
Microeconomics
3(3-0)
Consumer Behavior, Demand/Supply Analysis, Elasticity, Profit Maximization, Theory of
Production, Laws of Returns, Determination of output and price under different market
structures, Theory of Rent, Interest, Wages and Profit, Welfare Economics, Public
Goods, Externalities and Pareto Optimality
Books recommended
1.
2.
3.
4.
5.
6.
7.
Varian, H.R. Intermediate Microeconomics. W.W. Norton & Company, New
York. 2003.
Mankiw, N. Gregory. Microeconomics. Worth Publishers, 2002.
Eckert, R.D. and Leftwich, R.H. The Price system and Resource Allocation.
The Dryden Press, New York, 1989.
McConnel, C.R. and Brue, S.L. 2004. Economics: Principles, Problems and
Policies (Sixteenth Edition) McGraw-Hill, Inc.
Nicholson, Walter. Intermediate Microeconomics. The Drydon Press. Harcourt
Brace College. Publishers, New York/Sanfransisco, 1994.
Mansfield E. Microeconomics: Theory and Applications. Tenth Edition. 2000.
Dobson, S., Maddala, G.S. and Miller, E. Microeconomics. McGraw-Hill New
York. 1988.
Macroeconomics
3(3-0)
Basic concepts. National income accounting. Consumption and saving functions,
Theories of Investment, Theory of national income and employment, classical and
Keynesian theory of employment. The concept of full employment. Inflationary and
deflationary gaps. The Keynesian theory and the under developed countries. Multiplier
and acceleration principles. Business cycle theories. Inflation and its causes,
consequences and remedies, Money and its functions. Central banks functions.
Monetary policy, its objectives and tools. Impact of Monetary policy upon consumption,
investment, and government expenditure. Types of Inflation. Fiscal policy, its meaning,
objective and tools. Public expenditure, taxes, national debt and income determination.
Budget deficit and its role in inflation. Deficit financing. Role of IMF & World Bank in
monetary and fiscal policies. Public finance.
Books recommended
1.
2.
3.
4.
Mankiw, N. Gregory. Macroeconomics. Fifth Edition. Worth Publishers. 2002.
McConnell, C.R. and Brue, S.L. Economics. 14th Ed. McGraw-Hill, Inc. New York,
U.S.A.
Dornbusch, R. & Fisher, S. Macroeconomics. Sixth Edition. Mc Graw Hill. Inc.
New York U.S.A. 1994.
Khawaja, A.H. Macroeconomics, Ilmi Kitab Khana Lahore. 1998.
178
Farm Planning and Agribusiness Management
3(3-0)
Principles of farm planning, operation and management. Techniques of farm planning,
Farm budgeting, Resource constraints in farm planning, the optimum combinations,
alternate farm plans.
Scope and objectives of Agribusiness Management, Functions of management,
Forms of business organizations, Cost and Yield Calculation, Cost Benefit Analysis,
Uncertainty and Risk in Farm Business, Risk Management Strategies, Government
Intervention in Farm Policies.
Books Recommended
1. Downey, W.D. & Enieson, S.P. Agribusiness Management, Singapore, McGraw
Hill. Latest Edition.
2. Kinsey, B.lH. Agri. Business and Rural Enterprises, London Lehm, Ltd Latest
Edition.
3. Jewell, B.R. An Integrated Approach to Business Studies, Addison Wesley
Lonman Limited, England., 1996.
4. Goldberg, Roy. Agribusiness Management for Developing Countries. Harper
Publishers, New York.
5. Agricultural Prices Commission of Pakistan (Government of Pakistan). Various
Publications.
6. Barnard, C.S. and Nix. J.S. ‘Farm Planning and Control’. Cambridge University
Press, England, Latest Edition.
7. Kay, R.D. and Edwards, S.M. ‘Farm Management’ McGraw-Hill International
Editions, New York, 1994.
8. Raju, V.T., and Rao D.V.S., ‘Economics of Farm Production and Management”.
Oxford and IBH Publishing Co. Pvt. Ltd., New Delhi, 1990.
9. Kahlon, A.S. and Singh, K. ‘Economics of Farm Management in India’. Theory and
Practice. Allied Publishers Limited, New Delhi, India, 1981.
10. Ahmad Bashir, et al. ‘Economics of Livestock Production and Management. Agri.
Social Sciences Research Centre, Faculty of Agri. Economics and Rural Sociology,
University of Agriculture, Faisalabad, 1996.
11. Buckett, M. ‘An Introduction to Farm Organization and Management’ Pergamon
Press, New York, Latest Edition.
12. Castle, E. N., Becker, M. H. and Nelson, A. G. Farm Business Management.
Macmillan, New York, 2002.
179
Agricultural Finance
3(3-0)
Nature and scope of agricultural finance, classification of credit, Financing agribusiness.
Capital budgeting. Credit worthiness. Credit risk management, Agricultural credit
market: formal and informal sources of agricultural credit. Micro credit and role of
NGO’s in agricultural lending and development. Supervised Agricultural Credit.
Agricultural credit policies and their problems.
Books Recommended
1. Murray & Nelson. Agricultural Finance, Iowa State University Press, Ames, lowa,
1988.
2. Devino, G.T Agricultural Finance, Inter State Printers and Publishers, INC, Danville,
Illinois, 1981.
3. Barry, P. J., Ellinger, P. N., Hopkin, J.A., Baker, C. B. Financial Management in
Agriculture. 6th Edition. Prentice Hall. 1999.
4. Pandey. An Introduction to Agricultural Finance. 1990.
Mathematics for Economists
3(3-0)
Elementary sets theory: Definition, Some important types of sets.
Venn-
diagrams. Basic set operations. Cartesians product. Algebra of sets. Functions and
Equations; Higher Order equations; simultaneous equations; Vectors: Vectors and
scalars. Scalar and vector products. Scalar and vector triple products. Matrices and
determinants: Matrix. Addition and subtraction of matrices. Matrix multiplication. Types
of matrices. Matrix algebra. Cramer’s rule.
Books Recommended
1. Chiang, Alpha C. Fundamentals Methods of Mathematical Economics. 3rd
Edition. International Edition, McGraw Hill publications. 1996.
2. Shanon, J. Mathematics for Business Economics and Finance, John Willey and
Sons, 1995.
180
Economic Development
3(3-0)
The concepts of economic development and Economic growth, characteristics of under
developed
economies,
importance
and
urgencies
of
the
problems
of
underdevelopment. The economics of growth, some major economic development and
growth theories, Education, technological change and Economic development. Growth,
Poverty and Income distribution, Economics of population and development,
Importance of trade for development, Theories of trade and development. Economic
approach of development projects. Fundamentals and issues of economic development
of Pakistan, NGOs and Development, Globalization and its implications for
development, Debt burden of third world countries..
Books Recommended
1. Todaro, M, P. and Smith, S. C. Economic Development. Eighth Edition. Pearson
Education, Singapore. . 2003.
2. Jhingan. M.C. Economics of Development and Planning, Konark Publishers Pvt.
Ltd. New Delhi, 1995
3. Meier, G.M. Leading Issues in Economic Development, Oxford University Press
New York, 1997.
4. Griffin, K. Alternative Strategies for Economic Development, The MacMillan. Press,
Hampatire London, 1999.
5. Khan, S.R. (ed). Fifty Years of Pakistan's Economy, Oxford University Press,
Karachi, 1999.
6. Dil, Anwar. 2000. Hunger, Poverty and development (Life and work of Sartaj Aziz).
A Ferozsons-Intercultural Forum Publication.
7. Yotopoulos, Pan A. and Nugent, Jaffrey B. Economics of Development:
Empirical Investigations, New York, Harper and Row Publishing Co. 1977.
181
Marketing System Analysis
3(3-0)
Basic concepts and principles of marketing with reference to Agriculture and its role
in Agricultural development. Marketing Infrastructure, Understanding Market
Approaches and their problems. Marketing functions such as standardization,
grading, packaging, storage transportation, information, legislation and management.
Marketing margins and profitability, price movement, seasonal price variation and
support price. Causes of price variation and price stabilization measures. Review
agricultural marketing system in Pakistan.
Books Recommended
1. Clarkson, K.W. Industrial Organization, Theory, Evidence and Public Policy, New
York John Willey & sons, 1997.
2. Kohls, R.L. and UHL.J.N. Marketing of Agricultural Products. Seventh Edition.
New York Max Well. MacMillan, 1990.
3. Kotler, P. and Armstrong, G. Principal of Marketing. Seventh Edition PrenticeHall International, Inc, 1996.
4. Scarborough, V. and Kydd, J. Economic Analysis of Agricultural Markets: A
Manual, Chatham, UK. Natural Resources Institute, 1992.
5. Walter, F.E. Marketing of Agricultural Products. Ministry of Food, Agriculture and
Livestock, Govt. of Pakistan and US AID, Islamabad, 1990.
6. Niaz, M.S. Pricing of Farm Produce in Pakistan Print Associates Int. Islamabad,
1995.
7. Mellor, John W. and Ahmed R. (Editors). Agricultural Price Policy for Developing
Countries. Oxford University Press Bombay. 1988.
Introduction to Natural Resource Economics
3(3-0)
Concepts: Economics and environment, resource scarcity, prices, demand and supply of
natural resources, market equilibrium, economic efficiency, intertemporal efficiency,
property rights, the economics of pollution, natural resource exploitation, economic
approaches to conservation of natural resources, benefit cost analysis.
Books Recommended
1. Common, M. ‘Environmental and Resource Economics: An Introduction. Latest
Edition. Addison Wesley Longman Publishing, New York,
2. Randall, A. Resource Economics- An Economic Approach to Natural Resource and
Environmental Policy. John Wiley and Sons, Inc. New York, 1987.
3. Compathy, R.S. and R.S. Ganapatty, ‘Natural Resource Management’ Mohan
Primlani for Oxford and IBH Publishing Co. Pvt., New Delhi, 1990.
4. Saleem, M and Ishfaque M. Environmental Pollution and Agriculture. 2004.
182
Introduction to Research Methods
3(3-0)
Foundation of Empirical Research, the scientific approach, the Conceptual
foundation of Research, Sampling and Sample Design, Data collection: observation
methods, survey research, questionnaire construction process. Data analysis: coding
scheme, univariate distribution, bivariate analysis, writing the research report.
Books Recommended
1. Nachmias, C, F and David N. Research Methods in the Social Sciences. Edward
Arnold, London, 1992.
2. Baker Therese L. Doing Social Research, McGraw-Hill International Editions,
Sociology Series. London. 1992.
3. Judd. M, Eliot R. and Louies H. Research Methods in Social Relation Holt,
Rinehart and Winston, Inc. Sydney, 1991.
4. Vaus, D.A. Surveys in Social Research. Allen & Unwin Pvt. Ltd. Australia, 1993.
5. Poate C.D and Daply P..F. Data for Agrarian Development, the Cambridge
University Press new York, 1993.
6. Casley D.J. and Lury, D.A. Data Collection in Developing Countries, Oxford
University Press Kerachi 1989.
7. Ghebrenedhin. T. and L.Tweeten A Guide to Scientific Writing and Research
Methodology Agriculture Policy Analysis Project, Oklahoma State University
Stillwater 1988.
8. Good and Hatt. Methods in Social Research. Macmillan, 1999.
183
International Economics
3(3-0)
International trade concepts. Trade Theories. Barriers to trade. Approaches to the
measurement of protection, distortion and comparative advantage, frameworks for
assessing policies, the effects of exchange rates on the agricultural and food sectors,
commodity and price instability and terms of trade, international commodity
agreements. Basic concepts of WTO and its implication on agriculture trade.
Books Recommended
1. Krugman, P.R. & Obstfeld, M. International Economy: Theory and Policy. AddisonWesley Longman, Inc. New York. 1997.
2. Dominic, Salvatore. International Economics (Sixth Edition). Prentice Hall International.
2000.
3. Appleyard, R.D. International Economics: Trade, Theory and Policy. 3rd Edition. Richard D.
Irwin. Inc.II, 1998.
4. Scott Jeffery, J. WTO – 2000, Setting the Course for World Trade, Policy Analysis in
International Economics, No.45, Washington D.C. Institute for International Economics,
1996.
5. Grimwade, N. International Trade New Pattern of Trade, Production and Investment, 2nd
Edition, 2000.
6. Caves-Frankel . World Trade and Payment. An Introduction, 7th Edition, 1996.
7. Kindleberger, C.P. International Economics. Latest Edition. Richard D. Irwin, Inc.
Homewood, Illinois,.
8. Henink, D.M. The International Economy, John Wiley & Sons, Inc. New York 1994.
9. FAO. WTO Manual. Rome.
Introduction to Econometrics
3(2-2)
Definition, scope and importance of econometrics. Basic concepts. Regression analysis. OLS
estimation of simple and multiple Regression, Properties of statistical estimators. Inferences, and
hypothesis testing. Dummy variables. Specification bias and tests.
Multicollinearity.
Heteroscedasticity, Autocorrelation.
Books Recommended
1. Gujrati, D.N. Basic Econometric, Mc Graw Hill, International Edition, London. 2003.
2. Studenmund, A. H. Using Econometrics: A Practical Guide (Third Edition).
Addison-Wesley. 1977.
3. John Fox. Applied Regression Analysis- Linear Models & Related Methods. Sage
Publication, London, New Delhi. 1997.
4. Mirar, T.W. Economic Statistics and Econometrics, McMillan Publishing Co. New York.
1990.
5. Ramu. Ramanathan. Introductory Econometrics with Applications, 1992.
184
6. Butt A.R. Least Square Estimation of Econometric Models, Islamabad, 1999.
Agricultural Policy and Development
3(3-0)
Introduction to Policy. Review of Past Policies and Agricultural Development. Study of
land tenure, Land Reforms, Irrigation Policies, Technology Transfer, Input and Output
markets, Taxes, Subsidies and Support Prices, and their implications for Agricultural
Development.
Books Recommended
1. Naqvi, H.M. & Horeld Jonathan National Conference on Agriculture Policies and
Farmers in Pakistan May 19-21, 1992, Proceeding Academy of Rural Development,
Peshawar 1998.
2. Govt. of Pakistan, Report of the National Commission on Agriculture, Ministry of
Food and Agriculture, 1988.
3. Government of Pakistan, Food and Agriculture Report, 1950.
4. Knutson R.D. J.B. Penn, and W.T. Bocam, Agricultural and Food Policy Prentice
Hall, Inc. New Jersey, USA. Latest Edition.
5. Hanink, D.M. The Intenational Economy, John Wiley & Sons, Inc. New York,
1994.
6. Krugman, P.R. & Obstfeld, M. International Economy: Theory and Policy.
Addison-Wesley Longman, Inc. New York. 1997.
7. Raza, Rafique. 2001. Pakistan in Perspective (1947-1997). Oxford University
Press.
8. Tolley, George S., Thomas, Vinod and Wong, Ming. Agricultural Price Policies
and Developing Countries, World Bank. 1982.
Economics of Agricultural Production
3(3-0)
Definition and scope of agricultural production economics, Assumptions of
static and dynamic production economics, production relationships, i.e. factorproduct relationships, factor-factor relationship and product-product relationships,
economic decision making under various production relationships, Costs of
production, returns to scale, technological change, role of management in resource
allocation.
Recommended Books
1. Doll, J.P. and Orazem, Production Economics: Theory and Applications, John Wiley and
Sons, New York. Latest Edition.
2. Debertin, D.L Agricultural Production Economics. McMillan Publishing Company, New
York, 1986.
185
3. Beatie, B. R. and Taylor. The Economics of Production. John Wiley and sons, New York,
1990.
Economic Problems of Pakistan
3(3-0)
Overview of Pakistan economy. Important problems of economy: Population growth,
Low level of income, saving and investments. Unemployment and poverty.
Substandard and poor infrastructure and technology. Inflation. Macro imbalances:
fiscal deficits, trade deficits, public debt. Governance: service delivery system,
inefficient institutions, corruption, Environmental Degradation, depletion of resources
and unsustainable development. Industrialization and industrial problems, human
capital formation.
Importance of Agriculture in Pakistan’s economy. Farm level Problems: problems
relating to resources, agricultural structure, land, water, agricultural production and
productivity, and farm mechanization. Major public and private problems of
agricultural policies and action programs of government and individual to deal with
them. Limitations encountered.
Books Recommended
1. Government of Pakistan National Commission on Agriculture, Ministry of Food,
Agriculture and Livestock, Islamabad. 1988.
2. Agricultural policies of Pakistan, 1980, 1989 and 1991. Ministry of Food,
Agriculture and Livestock, Islamabad.
3. Government of Pakistan. Report of the task force on Agriculture, Ministry of
Food, Agriculture and Livestock, Islamabad. 1993.
4. Akbar, Zaidi. Issues in Pakistan Economy. Oxford Press. 2000.
5. Hussain, Ishrat. Pakistan: The Economy of an Elitist State. Oxford University
Press. 2003.
6. Hussain, Ishrat. Dollar, Debt and Deficits: Reform and Management of Pakistan
Economy. Vanguard Books Pakistan. 2004.
7. Various Issues of Economic Survey of Pakistan.
186