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 Course overview |
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 Syllabus |
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Course overview |
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Syllabus |
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| Topic 1 |
Learning objectives |
To understand basic definition of economics and its importance. |
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Definitions |
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Approaches to the study of economics |
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Subject matter of economics |
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Methodology of economics |
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Economic systems |
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 PODCAST |
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Learning objectives |
To understand basic definition of economics and its importance. |
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Definitions |
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Approaches to the study of economics |
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Subject matter of economics |
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Methodology of economics |
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Economic systems |
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PODCAST |
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| Topic 2 |
Learning objectives |
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Consumption |
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Wants |
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Classification of wants |
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Characteristics of wants |
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Goods and its classifications |
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Wealth and its classification |
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Value, price, income and utility |
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PODCAST |
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Learning objectives |
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Consumption |
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Wants |
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Classification of wants |
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Characteristics of wants |
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Goods and its classifications |
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Wealth and its classification |
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Value, price, income and utility |
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PODCAST |
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| Topic 3 |
Learning objectives |
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Factors of production |
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Factors of production - Land, labour and capital |
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Factors of production - Organisation |
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PODCAST |
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Learning objectives |
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Factors of production |
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Factors of production - Land, labour and capital |
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Factors of production - Organisation |
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PODCAST |
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| Topic 4 |
Learning objectives |
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Introduction |
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Poultry |
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Dairying |
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PODCAST |
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Learning objectives |
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Introduction |
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Poultry |
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Dairying |
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PODCAST |
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| Topic 5 |
Learning objectives |
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Introduction |
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Animal husbandry |
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Meat production |
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Livestock sector in other states |
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PODCAST |
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Learning objectives |
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Introduction |
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Animal husbandry |
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Meat production |
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Livestock sector in other states |
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PODCAST |
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| Topic 6 |
Learning objectives |
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Introduction |
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Survey methods, statistical methods and other methods |
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Demand projection for milk |
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Planning for the livestock sector |
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PODCAST |
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Learning objectives |
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Introduction |
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Survey methods, statistical methods and other methods |
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Demand projection for milk |
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Planning for the livestock sector |
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PODCAST |
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| Topic 7 |
Learning objectives |
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Theory of consumer behaviour |
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Law of diminishing marginal utility (Marshallian approach) |
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Indifference curve technique |
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PODCAST |
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Learning objectives |
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Theory of consumer behaviour |
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Law of diminishing marginal utility (Marshallian approach) |
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Indifference curve technique |
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PODCAST |
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| Topic 8 |
Learning objectives |
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Demand |
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Types of demand |
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Exceptional demand curve |
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Determinants of demand |
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Learning objectives |
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Demand |
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Types of demand |
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Exceptional demand curve |
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Determinants of demand |
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Extension and contraction of demand |
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Increase and decrease in demand |
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PODCAST |
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| Topic 9 |
Learning objectives |
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Elasticity of demand |
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Magnitude of elasticity |
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Factors affecting elasticity of demand |
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Engel's law |
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Consumer's surplus |
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PODCAST |
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| Topic 10 |
Learning objectives |
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Supply |
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Supply schedule |
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Supply curve |
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Law of supply |
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PODCAST |
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| Topic 11 |
Learning objectives |
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Cost concepts |
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Cost function |
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Relationship between TFC, TVC, and TC |
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Break - Even point |
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Relationship between average variable cost and average product |
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PODCAST |
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| Topic 12 |
Learning objectives |
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Constant returns production function or constant cost |
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Increasing returns production function or decreasing cost |
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Decreasing returns production function or increasing cost |
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Production function, short and long-run production function |
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PODCAST |
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| Topic 13 |
Learning objectives |
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Economics of disease losses and mechanism of disease on altered productivity |
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Measurable effects of diseases of livestock profitability |
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Effect of animal disease on human and animal welfare |
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Methods of measuring the economic benefits of animal disease control |
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PODCAST |
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| Topic 14 |
Learning objectives |
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Concepts, scope and characteristics of livestock business |
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PODCAST |
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| Topic 15 |
Learning objectives |
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Marketable livestock commodities |
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PODCAST |
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| Topic 16 |
Learning objectives |
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Meaning, concept and needs for marketing |
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PODCAST |
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| Topic 17 |
Learning objectives |
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Classification of markets |
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Types of market |
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PODCAST |
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| Topic 18 |
Learning objectives |
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Short - Run equilibrium price with abnormal loss |
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Short – Run equilibrium with normal profits |
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Long - Run equilibrium price |
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PODCAST |
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| Topic 19 |
Learning objectives |
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Problems in livestock and livestock product marketing |
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Marketing of livestock and perishable and non-perishable livestock products |
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PODCAST |
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| Topic 20 |
Learning objectives |
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Merchandising - Product planning and development |
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PODCAST |
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| Topic 21 |
Learning objectives |
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Approaches to study of marketing |
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Buying and selling, physical functions - Grading, transportation, storage and warehousing |
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Facilitative functions - Standardisation, risk bearing, market information and market intelligence |
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PODCAST |
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| Topic 22 |
Learning objectives |
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Marketing opportunities |
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Consumer behaviour |
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PODCAST |
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| Topic 23 |
Learning objectives |
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Import and export of animal and animal products |
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Procedure for import of livestock products into India |
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Export procedures |
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Interim guidelines for export / import of bovine germpIasm |
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PODCAST |
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| Topic 24 |
Learning objectives |
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Guidelines for export of bovine germplasm |
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Buffalo, sheep and goat meats and the areas of production |
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Poultry products, dairy products and the areas of production |
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Animal casing, processed meat and the areas of production |
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PODCAST |
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| Topic 25 |
Learning objectives |
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Organizational aspects of livestock farms |
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Procurement of inputs and financial resources |
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PODCAST |
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| Topic 26 |
Learning objectives |
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GATT, WTO and agriculture |
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PODCAST |
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| Topic 27 |
Learning objectives |
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Break even analysis |
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PODCAST |
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| Topic 28 |
Learning objectives |
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Aim of accounting |
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Accounting definition |
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Branches of accounting |
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Common terms in accounting |
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PODCAST |
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| Topic 29 |
Learing objectives |
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Introduction - Personnel management |
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Identification of work - Types of study, labour input |
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Supervision of labour and supervisors - Division of labour |
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Merits and demerits of job specialisation - Labour efficiency |
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PODCAST |
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| Topic 30 |
Learning objectives |
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Meaning, single entry and double entry systems of book keeping |
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Advantages of double entry system |
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Distinction between double entry system and single entry system |
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PODCAST |
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| Topic 31 |
Learning objectives |
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Books of accounts |
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Different books used in accountancy |
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Simple cash book |
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Cash journal or cash book |
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Three columnar cash book |
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Two columnar cash book |
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PODCAST |
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| Topic 32 |
Learning objectives |
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Rules for debit and credit |
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Personal accounts |
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Real accounts |
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Nominal accounts |
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Farm credit system |
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PODCAST |
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| Topic 33 |
Learning objectives |
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Nature of business operations |
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Business transactions |
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Source documents |
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Ledger |
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PODCAST |
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| Topic 34 |
Learning objectives |
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Income statement, revenue and expenses |
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Trading, profit and loss account |
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Exercise |
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PODCAST |
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| Topic 35 |
Journal |
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Ledger |
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Classification of ledger |
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Illustration |
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| Topic 36 |
Cash book |
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Procedure for posting from the cash book |
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Illustration |
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| Topic 37 |
Purchase sales register |
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Advantages of subsidiary books |
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Problem |
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Bills of exchange |
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Problems to solve |
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| Topic 38 |
Trading account |
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Illustration |
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Problem |
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| Topic 39 |
Income and revenue |
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Expenses |
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Problems to solve |
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| Topic 40 |
Balance sheet - Meaning |
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Characteristics of balance sheet |
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Problem |
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| Topic 41 |
Meaning |
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Specimen |
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Parties to a bill of exchange |
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Advantage of a bill of exchange |
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Maturity of a bill of exchange |
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Bills receivable and bills payable |
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| Topic 42 |
Meaning |
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Accounting equation |
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Transaction for system of book keeping |
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| Topic 43 |
Bank Reconciliation Statement |
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Illustration |
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Problem to solve |
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| Topic 44 |
Project - Dairy unit (10 Cows) |
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 Excel file |
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| Topic 45 |
Assumptions |
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Fixed investment and fixed cost |
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Variable cost and returns |
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Excel file |
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| Topic 46 |
Meaning |
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Assumptions |
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Fixed investment, recurring cost and fixed cost |
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Fixed cost, variable cost per batch and total cost |
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Income per batch and net income per year |
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Excel file |
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| Topic 47 |
Technoeconomic assumptions |
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Fixed investment |
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Income and expenditure |
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Financial analysis of the project |
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Excel file |
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| Topic 48 |
Meaning |
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Undiscounted measures |
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Discounted measures |
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Problem for undiscounted measures and discounted measures |
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| Topic 49 |
Internal rate of returns (IRR) |
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How to find out internal rate of returns? |
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| Topic 50 |
Fixed cost, variable cost and total cost |
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Unit costs |
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Variable cost |
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Marginal cost |
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Problem to solve |
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| Topic 51 |
Break - even Point |
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Shut down point |
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| Topic 52 |
Question bank |
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Reference books |
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Acknowledgement |
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Participants