Information Package / Course Catalogue
| Course Code | : TE494 |
| Course Type | : Area Elective |
| Couse Group | : First Cycle (Bachelor's Degree) |
| Education Language | : Turkish |
| Work Placement | : N/A |
| Theory | : 2 |
| Prt. | : 2 |
| Credit | : 3 |
| Lab | : 0 |
| ECTS | : 4 |
The objective of this course is to enable the students to learn the basis of the theories of production economics, to make them comprehend the methods of production economics for solving resource use problems in farms and to provide them with the skills for transferring these methods into practice.
Definition of production economics, aims and relationships with other disciplines,, Characteristics of agricultural production,, Production and cost functions (law of diminishing returns, basic concepts, classical production function, cost function), Factor-product analysis (optimum input usage),, Factor-factor analysis (relationships between inputs, isoquant curves, marginal rate of substitution, optimum combination of inputs),, Product-product analysis (relationships between products, production possibilities curve, optimum combination of products),, Economies of scale,, Technical development and agriculture.
| Prof. Altuğ ÖZDEN |
| 1. | Comprehending basics of production economics theory |
| 2. | Becoming able to transfer the fundamental knowledge of production economics into practice and to interpret the results |
| 3. | Becoming able to evaluate the physical relationships between inputs and outputs economically |
| 4. | Becoming able to chose among alternative input-output combinations |
| 5. | To acquire the ability to guide farmers about effective use of resources |
| 6. | To acquire the necessary skills for interpreting effects of technic and economic conditions on factor use and enterprise selection |
| 7. | To acquire the necessary skills for interpreting effects of changes in farm scale and production technics on farms, sector and national economy |
| 1. | Doll, J.P., F. Orazem, Production Economics, Theory with Applications, Second Edition, John Wiley and Sons Inc., 1984. |
| Type of Assessment | Count | Percent |
|---|---|---|
| Midterm Examination | 1 | %40 |
| Final Examination | 1 | %60 |
| Activities | Count | Preparation | Time | Total Work Load (hours) |
|---|---|---|---|---|
| Lecture - Theory | 14 | 1 | 2 | 42 |
| Lecture - Practice | 14 | 1 | 2 | 42 |
| Midterm Examination | 1 | 10 | 1 | 11 |
| Final Examination | 1 | 10 | 1 | 11 |
| TOTAL WORKLOAD (hours) | 106 | |||
PÇ-1 | PÇ-2 | PÇ-3 | PÇ-4 | PÇ-5 | PÇ-6 | PÇ-7 | PÇ-8 | PÇ-9 | PÇ-10 | |
OÇ-1 | 1 | 5 | 4 | 1 | 1 | |||||
OÇ-2 | 4 | 5 | 4 | 1 | 2 | 2 | 1 | 1 | 1 | 2 |
OÇ-3 | 4 | 5 | 4 | 1 | 2 | 2 | 1 | 1 | 4 | |
OÇ-4 | 4 | 5 | 4 | 1 | 1 | 2 | 1 | 1 | 4 | |
OÇ-5 | 4 | 5 | 4 | 2 | 3 | 1 | 1 | 1 | 5 | |
OÇ-6 | 4 | 4 | 4 | 3 | 4 | 2 | 1 | 5 | ||
OÇ-7 | 3 | 5 | 4 | 2 | 3 | 2 | 1 | 4 | ||