AGRICULTURAL ECONOMICS RTMNU BCOM 5 TH SEM

Syllabus

Course Type: CC20        Course Code: 5T4

Agricultural Economics

Unit-I: Role of Agriculture in Economic Development:

· Nature and Scope of Agricultural Economics.

· Traditional Agriculture and its Modernisation.

· Contribution of Agriculture in Economic Development.

· Agricultural Infrastructure: Physical Infrastructure (Transport, Telecommunication, Irrigation, Power, Markets and Storage) – Social Infrastructure (Education); Institutional Infrastructure (Banking, Extension Services, FPOs)

Unit-II: Growth of Agricultural Economics:

· Agricultural Growth in India: Agricultural Growth in India Since Independence – Sources of Growth and Instability in Indian Agriculture.

· Risk and Uncertainty Agriculture, Cropping Pattern Shift.

· Agricultural Technology – Irrigation, HYV Seed, Fertilizers and Micronutrients.

· Critique of Green Revolution and Need of Sustainable and Water-Conservation Agriculture.

Unit-III: Agriculture Price and Food Policy:

· Agriculture Prices Functions and Fluctuations.

· Cobb-Web Model: Need for Government Intervention.

· Objectives of Price Policy, Types of Agriculture Prices: Minimum Support Prices and Statutory Minimum Support Price, Procurement Prices: Fixation of Minimum Support Price.

· Food Security: Food Corporation of India and Buffer Stock: Public Distribution System (PDS) in India and its Critique; National Food Security Act.

Unit-IV: Agricultural Marketing

· Agricultural Marketing and its Importance; Components of Agriculture Market and Classifications.

· Marketable and Marketed Surplus; Marketing Functions; Marketing Channels; Regulated Market; Marketing Efficiency; Marketing Costs and Margins.

· Reforms in Agricultural Produce Marketing Regulation Act (Including Three Farms Act of 2020).

· Direct Marketing, Contract Farming, Private Markets, Organised Retailing, Farmer Producer Organisations (Agricultural Cooperatives); Agricultural Value Chains.