Agricultural production economics (In Finnish)
| Structure Type: | Course |
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| Code: | KA01CMML05 |
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| Level: | Bachelor |
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| Credits: | 5.0 points |
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| Responsible Teacher: | Ryhänen, Matti |
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| Teacher Team: | Ryhänen, Matti |
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| Language of Instruction: | Finnish |
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Course Implementations, Planned Year of Study and Semester
| Curriculum | Semester | Credits | Start of Semester | End of Semester |
| MAELINK-2013 |
3 autumn |
5.0 |
2015-08-01 |
2015-12-31 |
Learning Outcomes
Students will be familiar with the production and cost theory. They will be competent in obtaining new information from academic publications, for example, and utilizing that information to solve problems in plant production and animal husbandry. Students will understand the hypotheses behind the research and consider them when utilizing the results of the research.
Student's Workload
• Contact teaching (50 %)
• Independent study (50 %)
Prerequisites / Recommended Optional Courses
Introduction to farm management
Contents
• Theory vs. the real world
• Theory vs. models
• Presenting phenomena graphically and mathematically
• Optimization (input-output and input-input relationships)
• Maximizing profit and/or minimizing costs
Recommended or Required Reading
Kay, Edwards & Duffy 2008. Farm management. McGraw-Hill. p. 105-156
Availability: http://tiny.cc/wq7gkx
Ryhänen & Sipiläinen 2013. Maatalousyrityksen johtaminen ja tuotannon suunnittelu. Handout
Turkki 2010. Tuotantoekonomia. University of Helsinki: Dept. of economics. Series No. 4. 2nd edition.
• Lecture notes and other material as indicated during lectures.
Mode of Delivery / Planned Learning Activities and Teaching Methods
• Contact teaching (50 %)
• Independent study (50 %)
Assessment Methods
Students who understand economical phenomena and are able to describe them and who have satisfactory command of applying theory into practice will receive a grade of 1 or 2.
Students who understand economical phenomena and are able to describe them well and who have good command of applying theory into practice, are able to solve economic problems mathematically and have a somewhat profound understanding of the phenomena will receive a grade of 3.
Students, who have a profound understanding of economical phenomena, are able to describe them well and have excellent command of applying theory into practice, and are able to examine these phenomena from several different points of view and operational environments will receive a grade of 4 or 5.
• Exam: 70 %
• Assignments: 30 %
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