ECON 438 Agricultural EconomicsMEF UniversityDegree Programs EconomicsGeneral Information For StudentsDiploma SupplementErasmus Policy Statement
Economics
Bachelor Length of the Programme: 4 Number of Credits: 240 TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF: Level 6

ECTS Course Information Package

School/Faculty/Institute Faculty of Economics, Administrative and Social Sciences
Course Code ECON 438
Course Title in English Agricultural Economics
Course Title in Turkish Tarım Ekonomisi
Language of Instruction EN
Type of Course Ters-yüz öğrenme
Level of Course İleri
Semester Fall
Contact Hours per Week
Lecture: 3 Recitation: 0 Lab: 0 Other: 0
Estimated Student Workload 134 hours per semester
Number of Credits 5 ECTS
Grading Mode Standard Letter Grade
Pre-requisites ECON 101 - Microeconomics
ECON 101 - Microeconomics
Co-requisites None
Expected Prior Knowledge Microeconomics and macroeconomics
Registration Restrictions Only Undergraduate Students
Overall Educational Objective The learners will study the production economics, principles of supply and demand, resource economics, world food situation, marketing of agricultural products, and agricultural public policies.
Course Description This is a one-semester undergraduate course, designed to introduce students to the fundamentals of agricultural economics, focusing on production economics, principles of supply and demand, resource economics, world food situation, marketing of agricultural products, and agricultural public policies. The course assumes familiarity with principles of macroeconomics and microeconomics.

Course Learning Outcomes and Competences

Upon successful completion of the course, the learner is expected to be able to:
1) Gain familiarity with the application of economic principles to analyze agricultural policies
2) Understand the economic dynamics of agriculture
Program Learning Outcomes/Course Learning Outcomes 1 2
1) Has a broad understanding of economics with a deep exposure to other social sciences and mathematics.
2) Demonstrates knowledge and skills in understanding the interactions of different areas of economics.
3) Displays a sound comprehension of microeconomic and macroeconomic theory.
4) Applies economic concepts to solve complex problems and enhance decision-making capability.
5) Uses quantitative techniques to analyze different economic systems.
6) Applies theoretical knowledge to analyze issues regarding Turkish and global economies.
7) Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data.
8) Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings.
9) Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information.
10) Exhibits individual and professional ethical behavior and social responsibility.
11) Displays learning skills necessary for further study with a high degree of autonomy

Relation to Program Outcomes and Competences

N None S Supportive H Highly Related
     
Program Outcomes and Competences Level Assessed by
1) Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. H Exam
2) Demonstrates knowledge and skills in understanding the interactions of different areas of economics. N
3) Displays a sound comprehension of microeconomic and macroeconomic theory. S Derse Katılım
4) Applies economic concepts to solve complex problems and enhance decision-making capability. H Exam
5) Uses quantitative techniques to analyze different economic systems. H Derse Katılım
6) Applies theoretical knowledge to analyze issues regarding Turkish and global economies. S Sunum
7) Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. N
8) Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings. N
9) Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. S Derse Katılım
10) Exhibits individual and professional ethical behavior and social responsibility. N
11) Displays learning skills necessary for further study with a high degree of autonomy S Derse Katılım
Prepared by and Date FIRAT BİLGEL , December 2023
Course Coordinator MUHAMMED ABDULLAH ALTUNDAL
Semester Fall
Name of Instructor Asst. Prof. Dr. MERVE HAMZAOGLU

Course Contents

Week Subject
1) Course Introduction, Basic Principles of Agricultural Economics
2) History of Agricultural Production and Prices (2007 Food Crisis, Food Security, Resource Use)
3) Consumer Equilibrium and Market Demand
4) Measurement and Interpretation of Elasticities Review of Market Equilibrium and Product Prices Perfect and Imperfect Competition
5) Introduction to Resource Use
6) Economics of Agricultural Inputs
7) Midterm
8) Natural Resources- Environment- Agriculture
9) Macroeconomic Policies in Agriculture
10) Agricultural Trade Policies and Agreements
11) Sustainable Production Systems: Good Agricultural Practices, Organic Agriculture
12) Agricultural Policies in Turkey: Sustainable and Conventional Agriculture
13) Consumer Preferences Towards Sustainable Agricultural Products
14) Presentations on Future of Agriculture and its impact in economics
15) Final Examination Period
16) Final Examination Period
Required/Recommended ReadingsRequired reading: John B. Penson Jr.; Oral Capps Jr.; C. Parr Rosson III; Richard T. Woodward (2014) Introduction to Agricultural Economics, Pearson, Sixth Edition. Recommended reading: Additional reading will be provided by the instructor
Teaching MethodsFlipped Learning
Homework and ProjectsNone
Laboratory WorkNone
Computer UseNone
Other ActivitiesAssignments
Assessment Methods
Assessment Tools Count Weight
Attendance 14 % 10
Quiz(zes) 5 % 10
Presentation 1 % 10
Midterm(s) 1 % 30
Final Examination 1 % 40
TOTAL % 100
Course Administration hamzaoglum@mef.edu.tr

Academic Dishonesty and Plagiarism: YOK Regulation

ECTS Student Workload Estimation

Activity No/Weeks Hours Calculation
No/Weeks per Semester Preparing for the Activity Spent in the Activity Itself Completing the Activity Requirements
Course Hours 14 5 3 1 126
Presentations / Seminar 1 1 1
Quiz(zes) 5 1 5
Midterm(s) 1 1 1
Final Examination 1 1 1
Total Workload 134
Total Workload/25 5.4
ECTS 5