Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
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ECF435 | AGRICULTURAL ECONOMY | 5 | 3 | 3 | 5 |
GENERAL INFORMATION |
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Language of Instruction : | English |
Level of the Course Unit : | BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle |
Type of the Course : | Elective |
Mode of Delivery of the Course Unit | - |
Coordinator of the Course Unit | Assoc.Prof. BÜLENT İLHAN |
Instructor(s) of the Course Unit | Assist.Prof. REYHAN ÖZEŞ ÖZGÜR |
Course Prerequisite | No |
OBJECTIVES AND CONTENTS |
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Objectives of the Course Unit: | The aim of this course is to teach the student the economics of agricultural production, the purpose of agricultural policy, tools, factors of agricultural production, the share and importance of the agricultural sector in economic development and national income, prices of agricultural products and issues of state intervention in agricultural products. |
Contents of the Course Unit: | The course includes the characteristics of agricultural production, agricultural production function, structural policies, agricultural finance, national and international agricultural policy, agricultural organizations. |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
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Describe the basic economic concepts, principles and methods applied to agricultural sector.(2) |
Describe agricultural policies.(2) |
Compare the international agricultural policies.(4) |
List the factors of agricultural production.(1) |
Evaluate the functions of agricultural development tools.(5) |
Evaluate agricultural policies according to their functional characteristics.(5) |
Explain the contributions of agricultural policies to the Turkish economy.(2) |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
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Week | Preparatory | Topics(Subjects) | Method |
1 | Reading | Scope, features and sections (branches) of agricultural economics | Lecture & Question Answer |
2 | Reading | The agricultural economy from the past to the present and the functions expected to be fulfilled from agriculture today | Lecture & Question Answer |
3 | Reading | Economics of agricultural production (Law of diminishing returns, Engel function…) | Lecture & Question Answer & Analysis |
4 | Reading | The share of the agricultural sector in economic development and national income (with current data) | Lecture & Question Answer & Analysis |
5 | Reading | Agricultural production function, characteristics and product composition that provides maximum income (analysis with examples) | Lecture & Question Answer & Analysis |
6 | Reading | Agricultural production factors and mechanization in agriculture. | Lecture & Question Answer & Analysis |
7 | Reading | Agricultural product prices (Agricultural product supply and demand, agricultural product prices in a perfect competition market) | Lecture & Question Answer & Analysis |
8 | - | MID-TERM EXAM | - |
9 | Reading | Government intervention in agricultural products | Lecture & Question Answer & Analysis |
10 | Reading | Agricultural policy (Aims, instruments, structural and social policies of agricultural policy) | Lecture & Question Answer & Analysis |
11 | Reading | International agricultural policy and agricultural organizations | Lecture & Question Answer & Analysis |
12 | Reading | Agricultural finance and credit | Lecture & Question Answer & Analysis |
13 | Reading | Agricultural marketing | Lecture & Question Answer & Analysis & Problem-Solving Method |
14 | Reading | Analysis of Turkey-EU relations in terms of agriculture sector | Lecture & Question Answer & Analysis & Problem-Solving Method |
15 | Reading | Analysis of the agricultural sector with current data-General Review | Lecture & Question Answer & Analysis & Problem-Solving Method |
16 | - | FINAL EXAM | - |
17 | - | FINAL EXAM | - |
SOURCE MATERIALS & RECOMMENDED READING |
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by Andrew Barkley and Paul W. Barkley,Principles of Agricultural Economics,2016 |
by Drummond Ph.D., H. Evan and John W. Goodwin,Agricultural Economics (3rd Edition), 2010 |
ASSESSMENT |
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Assessment & Grading of In-Term Activities | Number of Activities | Degree of Contribution (%) | Description |
Level of Contribution | |||||
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0 | 1 | 2 | 3 | 4 | 5 |
KNOWLEDGE |
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Theoretical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Define the basic concepts of economics, administrative and human sciences. (Bloom 1)
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1 | |||||
2 |
Evaluate the economic environment and overall sustainability of firms. (Bloom 4)
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1 |
KNOWLEDGE |
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Factual |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Relate principles and concepts of economics and finance with other disciplines. (Bloom 4)
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1 | |||||
2 |
Define principles, concepts, methods and theories related with economics and finance. (Bloom 1)
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1 |
SKILLS |
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Cognitive |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Interpret the charts and tables related to the field. (Bloom 2)
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1 |
SKILLS |
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Practical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Evaluate the theoretical models of economic policies which have direct or indirect effects by using the facts and dynamics of the economic system.(Bloom 4)
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3 | |||||
2 |
Analyze economic and financial reports. ((bloom 4)
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2 | |||||
3 |
Use basic mathematics, statistics and econometric methods and tools to solve economic and financial problems. (Bloom 3)
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2 | |||||
4 |
Interpret the operation of current economic, political and social events by using institutional information related with Economics and Finance.(Bloom 2)
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1 |
OCCUPATIONAL |
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Autonomy & Responsibility |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Organize economic and financial activities in humanitarian and social terms with adherence to ethics. (Bloom 4).
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2 |
OCCUPATIONAL |
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Learning to Learn |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Develop a critical perspective on national and international economic, political, social, financial and development problems. (bloom 6)
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3 |
OCCUPATIONAL |
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Communication & Social |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Follow the agenda on economics, politics and social issues and improve himself/ herself. (bloom 6)
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3 |
OCCUPATIONAL |
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Occupational and/or Vocational |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Analyze current issues and problems by using the structure and properties of Macro and Microeconomics and variables. (Bloom 4)
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3 | |||||
2 |
Evaluate the effectiveness of the general economic system and public policies and their effects on markets and basic economic variables.(Bloom 4)
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2 | |||||
3 |
Analyze the cause and effect relationships between the relevant economic variables. (Bloom 4)
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2 | |||||
4 |
Evaluate the expected trends and portfolio analyzes in interest and exchange rates within the framework of the general financial system. (Bloom 4)
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1 |
WORKLOAD & ECTS CREDITS OF THE COURSE UNIT |
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Workload for Learning & Teaching Activities |
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Type of the Learning Activites | Learning Activities (# of week) | Duration (hours, h) | Workload (h) |
Lecture & In-Class Activities | 14 | 3 | 42 |
Preliminary & Further Study | 13 | 2 | 26 |
Land Surveying | 0 | 0 | 0 |
Group Work | 0 | 0 | 0 |
Laboratory | 0 | 0 | 0 |
Reading | 0 | 0 | 0 |
Assignment (Homework) | 0 | 0 | 0 |
Project Work | 0 | 0 | 0 |
Seminar | 0 | 0 | 0 |
Internship | 0 | 0 | 0 |
Technical Visit | 0 | 0 | 0 |
Web Based Learning | 0 | 0 | 0 |
Implementation/Application/Practice | 0 | 0 | 0 |
Practice at a workplace | 0 | 0 | 0 |
Occupational Activity | 0 | 0 | 0 |
Social Activity | 0 | 0 | 0 |
Thesis Work | 0 | 0 | 0 |
Field Study | 0 | 0 | 0 |
Report Writing | 0 | 0 | 0 |
Final Exam | 1 | 1 | 1 |
Preparation for the Final Exam | 4 | 10 | 40 |
Mid-Term Exam | 1 | 1 | 1 |
Preparation for the Mid-Term Exam | 2 | 9 | 18 |
Short Exam | 0 | 0 | 0 |
Preparation for the Short Exam | 0 | 0 | 0 |
TOTAL | 35 | 0 | 128 |
Total Workload of the Course Unit | 128 | ||
Workload (h) / 25.5 | 5 | ||
ECTS Credits allocated for the Course Unit | 5,0 |