UGANDA CHRISTIAN UNIVERSITY FACULTY OF BUSINESS AND ADMINISTRATION BACHELOR OF ECONOMICS THIRD YEAR SEMESTER ONE AGRICULTURAL ECONOMICS

Course Outline Contact hours: 4 hours per week Lecturer: NSIYONA ELSIE Course Description The course analyses the farmers or managers decision regarding the inputs, output, profitability and marketing strategy. In particular the course analyses farm production systems, costs of production in different market structures, risk and uncertainty in farming, cooperatives, investment analysis and marketing of agricultural products. The course applies the microeconomic theory of production in analyzing the farmers decision regarding farm production and management. It applies the general marketing principles in analyzing the different marketing strategies which farmers and managers can adopt to market agricultural products. Course Objectives i) Equip students with the basic principles of farm management and production economics. ii) Equip students with analytical skills of deciding the optimal level of farm production. iii) Enable students plan for the agricultural sector and make appropriate policies for the producers, processors, sellers and exporters. iv) Enable students understand the marketing process of the agricultural process. Required and supplementary reading 1. 2. 3. Penson et la (2006). Introduction to Agricultural Economics. Coleman D. and T. Young (1990), principles of agricultural Economics. Timmer E.P (1998), Agricultural Transformation. 4. Emery N. Castle, Manning H. Becker and A. Gene Nelson (Third Edition) Farm Business Management The Decision-Making Process. 5. Kay, R.D., and Edwards, W.M., 1994. Farm Management (Third edition). McGraw-Hill, Inc., New York. Upton Martin Farm management 6. Turner, J. and Taylor, M., 1998. Applied farm management (Second Edition), Blackwell Science, Onsey Mead, 7. Richardson, J.H., 1996. The farm as a business: Rural property planning. Inkarta Press, Port Melbourne. 8. Kotler. P, (1994). Marketing Management Analysis, Planning, and Control. Prentice-Hall, Inc. Englewood Cliffs. 9. Kohl. L, and Joseph. N, (2001). Marketing of Agricultural Products. 9 th edition, Uhl, Prentice Hall.

Course Requirements Students will be required to attend all lectures, carry out library assignments and do tests given in class. Students should ensure that they pass all the tests since no make up tests will be given to those who will have failed. Course Evaluation Students will undergo a continuous assessment which will involve 1 test accounting for 25 per cent of coursework and 1 library work assignment accounting for 25 per cent, amounting to a total score of 50% and the final examination which will cover what has been studied in the entire course and will have a total score of 50%. The pass mark is 50%. Course Content Agricultural Production and Development Introduction Agricultural transformation. Constraints to the development of agricultural sector. The theoretical foundations of agricultural production. 2. Supply and Demand of Agricultural Products Supply of agricultural products Factors affecting the amount supplied in the sector. Uncertainty and peasants production. Peasant production models Technical change Factors affecting the demand of agricultural products

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Farm Management and Investment Analysis Farm Planning Agribusiness Project and investment analysis. Marketing Agricultural Products Marketing in agriculture. Approaches to marketing. Agricultural marketing and agro-processing in Uganda. International trade in agricultural products

5. Agriculture in Development Agriculture and poverty eradication. Agricultural policy in Uganda.