Agricultural Economics

AGRICULTURAL ECONOMICS

Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber. The field of agricultural economics deals with the problems of the farms as the units of industry, the income earnings and spending activities of the farms and also the management of farm business and bringing necessary changes according to the situation so as to bring stability to farm income. The Section of Agricultural Economics at Shriram College of Agriculture, Paniv was established in August, 2013. The Agricultural Economics section in the college is basically includes different disciplines viz., Production Economics, Agribusiness Management, Agricultural Finance, Agricultural Marketing etc.

Graduates from Agricultural and applied economics departments find jobs in many sectors of the economy: agricultural management, agribusiness, commodities markets, education, the financial sector, government, real estate, and public relations.

Importance

  1. Contribution to National Income

  2. Creation of Infrastructure

  3. Relief from Shortage of Capital

  4. Helpful to Reduce Inequality

  5. Helpful in Phasing out Economic Depression

  1. Source of Foreign Exchange for the Country

  2. Contribution to Capital Formation

  3. Employment Opportunities for Rural People

  4. Improving Rural Welfare

Specific Objectives

  1. To maximize profitability in agriculture to the benefit of society through studying and analyzing the aspects that influences the agricultural economy and distribution of resources, such as land, raw materials, labour and machinery. 

  2. To provide knowledge and help for better management of farms resources and increase farmers income.

  3. To provide theoretical as well as practical knowledge of Agricultural Economics to undergraduate students.

Education

Department of Agricultural Economics offers following courses to B.Sc (Hons) Agriculture students in the Shriram college of Agriculture, Paniv.

Department of Agricultural Economics offers following courses to B.Sc (Hons) Agriculture students in the Shriram college of Agriculture, Paniv.

Sr. No.

Semester

Course No.

Credits

Course Title

1

II

ECON 121

2(2+0)

Fundamentals of Agricultural Economics

2

IV

ECON 242

3(2+1)

Agricultural Finance and Cooperation

3

V

ECON 353

3(2+1)

Agricultural Marketing Trade and Prices

4

V

ELE ECON 354

3(2+1)

Agribusiness Management

5

VI

ECON 365

2(1+1)

Farm Management, Production and Resource Economics

6

VII

RAWE/ECON 476

2 (0+2)

Agricultural Economics

Department Activities

  1. Economics department also arrange different study tour/visits related to course work.

  2. Guiding the students in preparing for ICAER/MCAER, other competitive examination.

  3. Advise the students and farmers in agricultural sector on issues such as financing, marketing, agricultural development, research and production. 

  4. As the Department is also running a ELE ECON 354 Module on Agribusiness Management which is offered to the students during the V Semester through which the students can how to start their own enterprise and also do marketing successfully.

  5. The Staff members of this section has also guided the students in respect of how to work out economics of different crops and how to prepare bankable project proposal for the same in various modules of Experiential Learning in the semester VII and VIII.

Staff Detail

Name

 

Dr Raut Surajkumar Dnyaneshwar

Academic Qualification

M.Sc (Agri), PhD in Agricultural Economics

Specialization

Agricultural Economics

Designation

Assistant Professor

Teaching experience

1 year 8 months

Mobile No.

9922190498

Email. Id

surajkumarraut2244@gmail.com

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