Unit AGRICULTURAL ECONOMICS
- Course
- Food science and technology
- Study-unit Code
- 80014906
- Curriculum
- Viticoltura e enologia
- Teacher
- Fabio Maria Santucci
- Teachers
-
- Fabio Maria Santucci
- Hours
- 60 ore - Fabio Maria Santucci
- CFU
- 6
- Course Regulation
- Coorte 2015
- Offered
- 2017/18
- Learning activities
- Caratterizzante
- Area
- Discipline economiche e giuridiche
- Academic discipline
- AGR/01
- Type of study-unit
- Obbligatorio (Required)
- Type of learning activities
- Attività formativa monodisciplinare
- Language of instruction
- Italian, with some readings and ppt in english
- Contents
- The market; Elements of macro-economy; Classificazione delle aziende. Direct and indirect factors of production. Farmer (entrepreneur), natural resources, labor and capital. Balance sheet and farm income statement. Profit and farm income; costs of production. Fixed and variable costs. Efficiency ratios. Common agricultural policy, with reference to 1st Pillar
- Reference texts
- None. Refer to PPT shared by the lecturer and to other papers made available on-line.
- Educational objectives
- Provide the students with the basic elements for the management ao a farm / firm.
- Prerequisites
- For DSA3 students: To have passed the exams of a) Mathematics, b) Informatics and statistics.
For incoming foreign students: some knowledge of maths and stats. - Teaching methods
- Lectures, use of PPT, reading of short articles in English, individual and group works at home, presentations.
- Learning verification modality
- Questionnaire with 10 open questions, with linited space for answers, followed by oral exam
- Extended program
- Object of economics. Short history of economic theories. Types of markets. Types of goods. Externalities. Elements of macroeconomics. Direc and indirect factors of production. Classificationa of farms. Ownership and tenure. Share-cropping and other forms. Land reforms. Functions, limits and goals of the entrepreneur. Labor in agriculture. Land value. Tenant's capital. Interest and depreciation. Opportunity costs. Farm income statement. Farm balance sheet. Efficiency ratios. Costs of production. Gross margins. Fixed and variable costs. Break even points. Analysis of investments, C/B analysis. Development plan. Common agricultural policy - evolution and reform.