Managerial Economics and Finance in Agribusiness

Managerial Economics and Finance in Agribusiness

1 Introduction to Managerial Economics

  1. Meaning and Nature of Managerial Economics
  2. Scope of Managerial Economics
  3. Managerial Economics in Decision Making
  4. Definition, Concepts and Basic Principles of Economics
  5. Economic Goals and Choices

2 Microeconomic Theory and Initial Applications

  1. Concept of Utility
  2. Demand Functions
  3. Elasticity of Demand
  4. Elasticity of Substitution
  5. Supply Function
  6. Supply Elasticity
  7. Concept of Equilibrium
  8. Economic Surplus
  9. Forecasting of Demand for Seasonal Agri-products
  10. Methods of Forecasting

3 Market Equilibrium

  1. Market Equilibrium
  2. Law of Demand
  3. Law of Supply
  4. Changes and Shift in Demand
  5. Income vs. Substitution Effect
  6. Relationships among Elasticities
  7. Tools of Economics and Complicated Agricultural Problems

4 Principles of Farm Management and Pricing Practices

  1. Basic Principles of Farm Management
  2. Factor Product Relationship
  3. Factor-Factor Relationship
  4. Product-Product Relationship
  5. Overview of Production and Cost Theory
  6. Production and Cost Functions
  7. Cost-Output Relationship
  8. Concept of Selling Costs
  9. Pricing Practices
  10. Determination of Price under Pure and Imperfect Competition

5 Equilibrium Condition

  1. Perfectly Competitive Market
  2. Equilibrium of Firm in Short Run
  3. Supply Curve of Firm and Industry
  4. Equilibrium of Firm in Long Run
  5. Effects of Changes in Costs on Equilibrium
  6. Effects of Imposition of Tax on Equilibrium
  7. Effects of Providing Subsidy on Equilibrium
  8. Monopoly Market
  9. Equilibrium of Monopolist in Short Run
  10. Supply of Monopolist
  11. Equilibrium of Monopolist in Long Run
  12. Price Discriminating Monopolist
  13. Regulation of Monopoly Price by Government
  14. Monopolistic Competition
  15. Equilibrium of Firm in Short Run under Monopolistic Competition
  16. Equilibrium of Firm in Long Run under Monopolistic Competition
  17. Oligopoly and Duopoly Markets

6 Introduction to Accounting

  1. Concepts of Accounting
  2. Objectives of Accounting
  3. Need for Accounting
  4. Users of Accounting Information
  5. Book-Keeping, Accounting, and Accountancy
  6. Branches of Accounting
  7. Principles of Accounting
  8. Accounting Standards
  9. Advantages of Accounting
  10. Limitations of Accounting

7 Accounting Records and Systems

  1. Journal
  2. Classification of Accounts and their Rules
  3. Systems of Accounting
  4. Types of Transactions
  5. Casting and Carry Forward
  6. Ledger
  7. Cash Book
  8. Trial Balance

8 Preparation of Accounts

  1. Distinction between Capital and Revenue
  2. Capital and Revenue Expenditures
  3. Capital and Revenue Receipts
  4. Manufacturing Account
  5. Trading and Profit & Loss Account
  6. Balance Sheet
  7. Depreciation
  8. Accounting for Price Level Change

9 Understanding Financial Statements

  1. Variation in Presentation
  2. Gross Profit
  3. Operating Profit
  4. Profit before Tax (PBT) and Profit after Tax (PAT)
  5. Cash Profit
  6. Appropriation of Profits
  7. Concept of Capital
  8. Other Important Items
  9. Uses and Limitations of Financial Statements

10 Fund Flow Statement

  1. Concept of Funds
  2. Fund Flow Statement
  3. Funds Flow Statement Vs. Other Financial Statements

11 Analysis of Financial Statements

  1. Comparative Financial Statements
  2. Common Size Financial Statements
  3. Cash Flow Analysis
  4. Fund Flow Analysis
  5. Management Audit
  6. Financial Audit
  7. Ratio Analysis

12 Source of Agricultural Finance

  1. Finance: Meaning, Need and Types
  2. Sources of Finance
  3. Specialized Financial Institutions
  4. Government Schemes for Financial Support
  5. Evaluation of the Sources of Finance

13 Agricultural Risk and Insurance

  1. Components of Risk
  2. Utility Theory
  3. Game Theory
  4. Principles of Risk Management
  5. Agricultural Insurance