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Course Description Course Name : Fundementals of Agricultural Economics-II Course Code : TE-558 Course Type : Optional Level of Course : Second Cycle Year of Study : 1 Course Semester : Spring (16 Weeks) ECTS : 6 Name of Lecturer(s) : Asst.Prof.Dr. TUNA ALEMDAR Learning Outcomes of the Course : to be able to know similar and distinguishing characteristics of farms and non-farm enterprises Estimating costs of annual and multiyear agricultural commodities employing various assumptions and approaches Understanding conditions causing financial requirements in agriculture Main and auxilary marketing services, differentiating various types of markets Understanding basic principles of agricultural policy, estimating consumer and producer surplus Mode of Delivery : Face-to-Face Prerequisites and Co-Prerequisites : None Recommended Optional Programme Components : None Aim(s) of Course : Acquiring knowledge which will facilitate to understand more advanced level courses in agricultural economics (for students completed their undegraduate level education in departments other than agricultural economics) Course Contents : Fundamentals of farm management, introduction to cost estimation for agricultural commodities, foundations of agricultural finance, agricultural markets, agricultural policy Language of Instruction : Turkish Work Place : Class   Course Outline /Schedule (Weekly) Planned Learning Activities Week Subject Student's Preliminary Work Learning Activities and Teaching Methods 1 Farms, characteristics of farms distinguishing them from non-farm enterprises; functions of management Course notes and related sections of the resources Lecture 2 Classification of farms Course notes and related sections of the resources Lecture 3 Factors having role in the formation of farms Course notes and related sections of the resources Lecture 4 Cash and accrual based record systems Course notes and related sections of the resources Lecture 5 Accounting and economic costs; accounting and economic profit; concept of opportunity cost Course notes and related sections of the resources Lecture 6 Income statement Course notes and related sections of the resources Lecture 7 Balance sheet and its interpretation Course notes and related sections of the resources Lecture 8 Enterprise budgets; whole farm budget; partial budget Course notes and related sections of the resources Lecture 9 Cost estimation; basic cost estimation, cost estimation with residual claimant method and relative shares method Course notes and related sections of the resources Lecture 10 MIDTERM Course notes and related sections of the resources Written exam 11 Agricultural finance; types of agricultural finance; conditions causing credit requirement in agriculture Course notes and related sections of the resources Lecture 12 Agricultural marketing; approaches to marketing analysis; marketing mix; marketing organizations; various market types Course notes and related sections of the resources Lecture 13 Markets and market types Course notes and related sections of the resources Lecture 14 Introduction to agricultural policies Course notes and related sections of the resources Lecture 15 Consumer and producer surplus Course notes and related sections of the resources Lecture 16/17 Agricultural supports and their effects Course notes and related sections of the resources Written exam   Required Course Resources Resource Type Resource Name Recommended Course Material(s)  Course notes and slides prepared and regularly updated by the instructor Required Course Material(s)  İnan, İ. H., 1998, Tarım Ekonomisi ve İşletmeciliği, ISBN 975-93281-0-0, Tekirdağ (in Turkish)  Tarım Ekonomisi, Prof. Dr. Zeynel Dinler, Ekin Kitabevi, Bursa, 2000 (in Turkish)  ÇETİN,B., 2008, Tarımsal Finansman, Nobel Yayınları No: 1321, ISBN 978-605-395-118-6, Nobel Yayın Dağıtım, Ankara, 208s. (in Turkish)   Assessment Methods and Assessment Criteria Semester/Year Assessments Number Contribution Percentage     Mid-term Exams (Written, Oral, etc.) 1 100     Homeworks/Projects/Others 0 0 Total 100 Rate of Semester/Year Assessments to Success 40   Final Assessments 100 Rate of Final Assessments to Success 60 Total 100   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 0 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 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 0 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 3 7 Ability to take the lead in multidisciplinary teams and work in teams 0 8 Able to critically evaluate specialized knowledge and abilities acquired in agricultural economics and direct his/her own learning process 5 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 4 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).   Student Workload - ECTS Works Number Time (Hour) Total Workload (Hour) Course Related Works     Class Time (Exam weeks are excluded) 14 5 70     Out of Class Study (Preliminary Work, Practice) 14 5 70 Assesment Related Works     Homeworks, Projects, Others 0 0 0     Mid-term Exams (Written, Oral, etc.) 1 4 4     Final Exam 1 6 6 Total Workload: 150 Total Workload / 25 (h): 6 ECTS Credit: 6