Content (Syllabus outline)

Role of agriculture within the national economy; Theory of the firm; Farm enterprises: socio-economics structure; size structure; production types; standard gross margin; production and costs theory (application of marginal methods in agriculture); Business records (accountancy of farms); Costs calculations; Accountancy in agriculture (accounts, balance sheets, annual balance); Planning (use of marginal utility principles, selection of production technologies, linear programming); Investments; Taxes in agriculture; Economics of arable farming; Economics of horticulture; Economics of animal production;

Within the tutorial the students will be introduced to accounting procedures on farms; farm property assessments’ and depreciation  techniques; preparation of the final annual account; use of production theory: production functions, variable and fixed costs,  productivity, costs functions, gross margin, optimum engagement of variable factors, optimum combinations of multiple factors; Optimum combination of production activities; costs calculations; calculations of investments profitability

Prerequisites

Conditions for inclusion in the work:

Enrolment in the appropriate academic year.

Conditions for performing study obligations

Passed preliminary examination is a prerequsite for the exam.