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The course examines the role of agricultural and agro-based industries projects in development, and aims at empowerment of students in project evaluation skills. Costs and benefits with and without the project are identified. Financial and economic analyses of technically sound agribusiness cultural projects are conducted using the main discounting techniques. Social, environmental and sensitivity analyses are integral components of the feasibility study. Students are trained to conduct feasibility studies using PC software
Third Year
  
Economic issues related to the agricultural environment and environmental policy. Microeconomic tools are applied for the analysis of externalities, welfare, public goods, property rights, market failure, and social cost-benefit analysis. Valuation of the environment; rationale, valuation techniques using market prices, productivity changes, changes of earnings, opportunity cost approach, preventive expenditure approach and replacement, economic incentives for environmental protection, and economics of sustainable development.
Fourth Year
  
Study of the concepts of agricultural finance and accounting, financial intermediation. Capital and credit needs of farms and agribusiness firms. Methods and procedures whereby agricultural firms acquire and utilize funds required for their successful operation. Emphasis is placed upon role of finance and financial planning, investment and loan appraisal, rate of interest, financial management, farm accounting system for the management and operation of agricultural firms, and financial performance analysis
Second Year
  
Agribusiness system, concepts of entrepreneurship and management, management theory overview, and decision-making process. The course is built around the application of the functions of management, which governs the operation of agribusiness firms; planning, organizing, directing, coordinating, and controlling. Emphasis on marketing plans, operational, cash flow and capital budgeting, organizational structure, choosing a business type, financial statements, human relations, personnel management and motivation and quality control. Case studies are used to teach communication and decision-making skills in agribusiness management
Second Year
  
Applications of economic principles to problems of agricultural production. Analysis of production functions, cost functions and their uses in determining   optimal quantities of production inputs and outputs. Economically efficient and profit maximizing output, economies of size and scale, elasticity of substitution, demand functions for inputs, the impact of new technology on production, cost, and profit function, and decision-making through time and under risk and uncertainty
Third Year
  
The concepts and issues of formulating business and market plans, marketing in agribusiness, human relations and personnel management, analysis of agribusiness financial statements using ratio and trend analysis, quality control systems; quality assurance and total quality management are covered. Case studies in issues related to agribusiness management will be used throughout the course to build team-working abilities through group activities and oral and written presentation of ideas and concepts
Fourth Year
Attachment
  
Practical training in the fields of farm business management, budgeting, financial feasibility, and monitoring of farm performance, applications in marketing and extension, and application of management tools for farm data analysis
Fourth Year