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Information
| Unit | INSTITUTE OF NATURAL AND APPLIED SCIENCES |
| AGRICULTURAL ECONOMICS (MASTER) (WITH THESIS) | |
| Code | TE559 |
| Name | Cost and Return Analysis with Applications in Agriculture |
| Term | 2018-2019 Academic Year |
| Term | Fall |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Yüksek Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Dr. Öğr. Üyesi TUNA ALEMDAR |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
Estimating costs of agricultural commodities, main concepts, comparison of different approaches, standardizing cost tables, sampling problems
Course Content
Cost and return estimation for crop and livestock commodities; goals, context, main concepts, different approaches, problems encountered in theory and applications, sources of data and sampling problems, analyses based on diifferent aggregation levels, ownership and operating costs for durable capital goods, allocating overhead costs, costs for multiyear enterprises, standardization of cost and return reports; examples from crops and livestock production
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | to be able to describe and differentiate main concepts related to cost estimation in agriculture |
| LO02 | to be able to estimate costs of agricultural commodities obtained from crop and livestock production; to be able to analyze costs on cost component basis |
| LO03 | to be able to produce solutions to problems encountered in cost and return analyses |
| LO04 | to be able to compare results of cost analyses prepared according to different standards and formats |
| LO05 | to be able to transfer analysis results to others in verbal and written form |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Able to further develop and deepen knowledge acquired based on the undergradute level proficiencies in the fields of farm management and agricultural policy | |
| PLO02 | - | Able to comprehend interactions among related disciplines and field of agricultural economics | |
| PLO03 | - | Able to use theoretical and practical knowledge of agricultural economics in their specialization area | |
| PLO04 | - | Able to prepare reports on developments in national economy and agricultural sector; able to critically evaluate historical and actual developments in agriculture and economy; able to observe and interpret economics related publications | |
| PLO05 | - | Able to use software widely used in agricultural economics | |
| PLO06 | - | Able to combine data of actual developments with his knowledge, data and findings obtained in various disciplines and interpret them while supporting them with qualitative and quantitative data and also forming new knowledge through synthesis | |
| PLO07 | - | Ability to take the lead in multidisciplinary teams and work in teams | |
| PLO08 | - | Able to critically evaluate specialized knowledge and abilities acquired in agricultural economics and direct his/her own learning process | |
| PLO09 | - | Constantly adapt himself to new scientific developments | |
| PLO10 | - | Able to use acquired and digested agricultural economics knowledge in multidisciplinary studies, able to explain them, to transfer them to others, able to examine conclusions critically | |
| PLO11 | - | Able to transfer research results using verbal, written and visual tools | |
| PLO12 | - | Able to collect data according to scientific methods in order to solve economic problems, able to supervise and interprete data collected while taking into consideration social, scientific and ethical values | |
| PLO13 | - | Able to develop analytical approaches in order to solve complicated problems that cannot be forecast beforehand in applications of agricultural economics and policy; able to design research process; able to produce solutions by taking on responsibility and to evaluate and justify solutions |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Objectives of cost and return estimations, different cost estimates | Lecture notes and suggested resources | |
| 2 | Main concepts in cost and return analyses, different approaches | Lecture notes and suggested resources | |
| 3 | Ownership cost and renting | Lecture notes and suggested resources | |
| 4 | Inflation effect, Fisher equation | Lecture notes and suggested resources | |
| 5 | Cost estimation methods; basic and joint cost estimation | Lecture notes and suggested resources | |
| 6 | Depreciation and cost calculations | Lecture notes and suggested resources | |
| 7 | Allocation of overhead costs | Lecture notes and suggested resources | |
| 8 | Mid-Term Exam | Lecture notes and suggested resources | |
| 9 | Cost estimation for commodities of annual crops | Lecture notes and suggested resources | |
| 10 | Land and cost | Lecture notes and suggested resources | |
| 11 | Capital Recovery Factor | Lecture notes and suggested resources | |
| 12 | Cost calculations for commodities obtained from multiyear crop enterprises | Lecture notes and suggested resources | |
| 13 | Cost estimation for livestock products; examples from feed animals, dairies and poultry | Lecture notes and suggested resources | |
| 14 | Problems related to sampling | Lecture notes and suggested resources | |
| 15 | Developing standard fromats, aggregation and disintegration problems | Lecture notes and suggested resources | |
| 16 | Term Exams | Lecture notes and suggested resources | |
| 17 | Term Exams | Lecture notes and suggested resources |