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| Course Description |
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| Course Name |
: |
Cost and Return Analyses for Agricultural Commodities with Applications |
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| Course Code |
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TE-559 |
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| Course Type |
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Optional |
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| Level of Course |
: |
Second Cycle |
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| Year of Study |
: |
1 |
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| Course Semester |
: |
Fall (16 Weeks) |
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| ECTS |
: |
6 |
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| Name of Lecturer(s) |
: |
Asst.Prof.Dr. TUNA ALEMDAR
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| Learning Outcomes of the Course |
: |
to be able to describe and differentiate main concepts related to cost estimation in agriculture
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
to be able to produce solutions to problems encountered in cost and return analyses
to be able to compare results of cost analyses prepared according to different standards and formats
to be able to transfer analysis results to others in verbal and written form
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| Mode of Delivery |
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Face-to-Face |
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| Prerequisites and Co-Prerequisites |
: |
None |
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| Recommended Optional Programme Components |
: |
None |
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| Aim(s) of Course |
: |
Estimating costs of agricultural commodities, main concepts, comparison of different approaches, standardizing cost tables, sampling problems |
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| Course Contents |
: |
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 |
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| Language of Instruction |
: |
Turkish |
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| Work Place |
: |
Class |
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Course Outline /Schedule (Weekly) Planned Learning Activities |
| Week | Subject | Student's Preliminary Work | Learning Activities and Teaching Methods |
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1 |
Objectives of cost and return estimations, different cost estimates |
Course notes and related sections of resources suggested |
Lecture |
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2 |
Main concepts in cost and return analyses, different approaches |
Course notes and related sections of resources suggested |
Lecture |
|
3 |
Ownership cost and renting |
Course notes and related sections of resources suggested |
Lecture |
|
4 |
Inflation effect, Fisher equation |
Course notes and related sections of resources suggested |
Lecture |
|
5 |
Cost estimation methods; basic and joint cost estimation |
Course notes and related sections of resources suggested |
Lecture |
|
6 |
Depreciation and cost calculations |
Course notes and related sections of resources suggested |
Lecture |
|
7 |
Allocation of overhead costs |
Course notes and related sections of resources suggested |
Lecture |
|
8 |
Cost estimation for commodities of annual crops |
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Lecture |
|
9 |
Land and cost |
Course notes and related sections of resources suggested |
Lecture |
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10 |
MIDTERM EXAM |
Course notes and related sections of resources suggested |
Lecture |
|
11 |
Capital Recovery Factor |
Course notes and related sections of resources suggested |
Lecture |
|
12 |
Cost calculations for commodities obtained from multiyear crop enterprises |
Course notes and related sections of resources suggested |
Lecture |
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13 |
Cost estimation for livestock products; examples from feed animals, dairies and poultry |
Course notes and related sections of resources suggested |
Lecture |
|
14 |
Problems related to sampling |
Course notes and related sections of resources suggested |
Lecture |
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15 |
Developing standard fromats, aggregation and disintegration problems |
Course notes and related sections of resources suggested |
Lecture |
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16/17 |
FINAL EXAM |
Course notes and related sections of resources suggested |
Lecture |
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Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
 Course notes and slides prepared and regularly updated by the instructor
Kıral T., Kasnakoğlu H., Tatlıdil F., Fidan H., Gündoğmuş E., (1999). Tarımsal Ürünler İçin Maliyet Hesaplama Metodolojisi ve Veri Tabanı Rehberi. Tarımsal Ekonomi Araştırma Enstitüsü Yayınları. Yayın No: 37. ISBN 975–407–051–2. Ankara (in Turkish)
AAEA Task Force (2000) ,Commodity Costs and Returns Estimation Handbook, Ames, Iowa
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| |
| Required Course Material(s) | |
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Assessment Methods and Assessment Criteria |
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Semester/Year Assessments |
Number |
Contribution Percentage |
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Mid-term Exams (Written, Oral, etc.) |
1 |
80 |
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Homeworks/Projects/Others |
1 |
20 |
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Total |
100 |
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Rate of Semester/Year Assessments to Success |
40 |
| |
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Final Assessments
|
100 |
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Rate of Final Assessments to Success
|
60 |
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Total |
100 |
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| Contribution of the Course to Key Learning Outcomes |
| # | Key Learning Outcome | Contribution* |
|
1 |
Able to further develop and deepen knowledge acquired based on the undergradute level proficiencies in the fields of farm management and agricultural policy |
3 |
|
2 |
Able to comprehend interactions among related disciplines and field of agricultural economics |
0 |
|
3 |
Able to use theoretical and practical knowledge of agricultural economics in their specialization area |
4 |
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4 |
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 |
0 |
|
5 |
Able to use software widely used in agricultural economics |
4 |
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6 |
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 |
0 |
|
7 |
Ability to take the lead in multidisciplinary teams and work in teams |
5 |
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8 |
Able to critically evaluate specialized knowledge and abilities acquired in agricultural economics and direct his/her own learning process |
0 |
|
9 |
Able to transfer research results using verbal, written and visual tools |
0 |
|
10 |
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 |
0 |
|
11 |
Constantly adapt himself to new scientific developments |
0 |
|
12 |
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 |
0 |
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13 |
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 |
0 |
| * Contribution levels are between 0 (not) and 5 (maximum). |
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| Student Workload - ECTS |
| Works | Number | Time (Hour) | Total Workload (Hour) |
| Course Related Works |
|
Class Time (Exam weeks are excluded) |
14 |
4 |
56 |
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Out of Class Study (Preliminary Work, Practice) |
14 |
4 |
56 |
| Assesment Related Works |
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Homeworks, Projects, Others |
1 |
20 |
20 |
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Mid-term Exams (Written, Oral, etc.) |
1 |
8 |
8 |
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Final Exam |
1 |
8 |
8 |
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Total Workload: | 148 |
| Total Workload / 25 (h): | 5.92 |
| ECTS Credit: | 6 |
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