AEC 101 Principles of Agricultural Economics (1+1) : Practical Schedule
1. Exercise on Law of Diminishing Marginal Utility
2. Exercise on Law of Equi -Marginal Utility
3. Demand schedule – Graphical Derivation of Individual and Market Demand
4. Indifference curve analysis – properties, budget line and consumer equilibrium.
5. Measurement of arc elasticity and point elasticity of demand – Estimation of own price elasticity, income and cross elasticity of demand
6. Estimation of consumer surplus
7. Exercise on law of diminishing marginal returns- relationship between TPP, APP and MPP.
8. Cost concepts and graphical derivation of cost curves
9. Analysis of growth in population and food grain production in India
10. Estimation of supply elasticity
11. Market Structure – Price determination
12. Analysis of causes of inflation and control measures. Measurement of inflation – price index
13. Types and functions of money
14. Approaches to computation of National Income
15. Analysis of trends in National Income and study of structural changes in the economy
16. Exercise on welfare indicators – HDI, PQLI, PPP and Poverty Line