Agricultural Economics 💹
Comprehensive course on Principles of Economics, Consumer Behaviour, Market Structure, National Income, Farm Management, Production Economics, Agricultural Finance, Credit, Marketing, APMC, Direct Marketing Channels & Modal Bankable Projects.
Course Structure
What's Inside
Principles of Economics
Demand and supply analysis, price elasticity, market structures (perfect, monopoly, oligopoly), consumer behaviour, national income, inflation, WTO and trade policy — fundamental for agriculture economics papers.
Farm Management & Production
Farm planning and resource allocation, production economics, cost concepts (fixed, variable, marginal), profit maximization, farm budgeting, enterprise selection — high-weightage for IBPS AFO Professional Knowledge.
Agriculture Marketing
Agricultural market types, MSP and procurement, APMC markets, cold chain infrastructure, regulated markets, e-NAM, futures trading, agri export-import policy — high-weightage for IBPS AFO and NABARD Grade A.
Agriculture Finance
Farm credit systems, NABARD schemes, Kisan Credit Card, cooperative credit, interest rate structures, priority sector lending and agricultural insurance — essential for IBPS AFO, NABARD Grade A and FCI AGT exams.
NABARD Model Bankable Projects (MBP) — Complete Course
Comprehensive notes on all NABARD Model Bankable Projects (MBPs) — dairy, goat, poultry, fisheries, food processing, forestry, FPO financing, plantation & horticulture, and more. Covers TFO, IRR, DSCR, margin money, and all techno-economic parameters tested in IBPS AFO, NABARD Grade A/B, JRF, Pre-PG, and state PSC agriculture exams.
Agricultural Economics
This comprehensive course covers all the important concepts of Agricultural Economics essential for competitive agricultural exams. The course is divided into the following sections:
- Principles of Economics — Definitions (Adam Smith, Marshall, Robbins, Samuelson), scope, methodology, types of economy, micro & macro economics
- Consumer Behaviour & Utility — Consumption, wants, utility types (form, place, time, possession), laws of diminishing & equi-marginal utility
- Demand & Elasticity — Types of demand, 5 degrees of elasticity, determinants, measurement methods
- Market Structure — Perfect competition, monopolistic competition, oligopoly, monopoly comparison table
- Capital & National Income — Capital types, GDP, GNP, NNP formulas, personal income, disposable income, per capita income
- Cost Concepts — Fixed vs variable costs, opportunity cost, social cost, economic cost
- Inflation — Types (creeping, walking, running, galloping), factors causing inflation
- Factors of Production — Land, labour, capital, entrepreneur; rent, wages, interest, profit
- Farm Management — Basic terms, production functions, returns to scale, risk & uncertainty
- Production Economics — Factor-product, factor-factor (least cost combination, isoquants), product-product (PPC, MRPS) relationships
- Compounding & Discounting — Time comparison principle, future value & present value formulas
- Types of Farming — Specialized, diversified, mixed, dry, ranching
- Business Organisations — Sole proprietorship, partnership, joint-stock company, co-operative society
- Important Economic Terms — Marketable surplus, marketed surplus, consumer surplus, economic holding, financial ratios
- Agricultural Finance — Credit classification (5 bases), 3Rs, 5Cs, 7Ps of credit, institutional & non-institutional sources
- Agricultural Marketing — Market classification, marketing functions (Thomsen, Kohls & Uhl, Huegy & Mitchell), APMC
- Marketing Agencies & Institutions — Middlemen types, commodity boards, public & cooperative sector institutions, hedging
- Direct Marketing Channels — Apni Mandi (Punjab 1987), Hadaspar, Rythu Bazars, Uzhavar Sandies
- Market Integration — Horizontal, vertical integration, conglomeration
- Agricultural Trade — WTO, pricing policy, trade agreements
- Modal Bankable Projects — Project formulation and appraisal