Course Summary:

This course enables you to study the main issues related to the Agricultural Economics and the importance in agriculture and farm management. 

Syllabus:

• Course of Excel.
• Introduction to Economy.
  The basic problem: Scarcity of resources.
  Capital Budgeting and Financial & Aspect of Project  Evaluation
  The value of money or the interest rate is the price of using money
  Present value  - PV
  Future  value – FV
  Capital recovery, Loan payment
  Project evaluation according to :present value ,future value ,benefit
   cost ratio.
• Cost of Production Analysis.
  Fixed cost, variable cost, direct and indirect cost.
  Short-run and long-run considerations.
• The budget.
  Breakeven point.
  Sensitivity analysis Enterprises.
  Partial budget.
  The whole farm budgeting.
• Business Plan
  Preparing a Business Plan
  Parameters of profitability: NPV, IRR, How many years are required to recover the investment.