Course Code: 
AEC 7104
Course Credit Units: 
Semester 1
Year of Study: 
Year 5
Undergraduate or Graduate Level: 
Graduate Level
Course Discipline: 
Course Description & Objectives: 

This course is about farm business management process in perspective and strategic decision analysis; farm resource use and enterprise economics. Factor-supply/farm-production/produce processing and distribution interface. Farm accounting information system, farm budgeting with linear programming applications. Fear of failure in farming and agenda for adjustment in modernizing agriculture.  Each farm, like any other agribusiness firm, is a complex business. Most farms are organized as sole proprietorships or as family businesses, like many other small businesses, but farmers must understand a broader array of management activities: manage biological productive processes, evaluate and adopt new technology, devise and carry out marketing strategies, arrange financing, deal with personnel, and use communication technology to their advantage.                                                                                                                                                                                                                                                            Objectives:This course provides students with an opportunity to integrate their knowledge and academic training in:-

  • Agricultural Economics (economic theory, economic analysis, policy and trade), 
  • Business (accounting, finance, operations and strategic management), and;
  • Other agricultural sciences through practical case work within developing countries.
  • Developing a broad knowledge and a conceptual base in the field of farm business management
Learning Outcomes: 

By the end of this course, students should know and understand:

  • General business management disciplines (finance, economics, marketing, business strategy and personal and organisational change). In addition graduates of this programme will have industry specific knowledge and understanding relating to the agricultural industry and in particular the management of farms;
  • A theoretical basis of research methodologies appropriate to business management;
  • Recent developments in the agricultural industry.
  • Be able to have a good understanding of advanced farm management principles.
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