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BACHELOR PROGRAMMES

The study programme in the Agricultural Economics and Management leads to the BScAgric and BAgricAdmin qualifications. The aim of the programme is to develop skills in the use of agricultural economics and management techniques among future analysts and management experts in government, farming and the agribusiness sector.

To provide fully in the target market's agricultural economics and management needs, this programme consists of five related focus areas with applicable degree qualifications: Agricultural Economic Analysis and Agricultural Economic Analysis and Management (BScAgric); and Agri-business Management, Agriculture and Rural Development Management and Business-specific Farm Management - Viticulture (BAgricAdmin).

Programme Degree Option

Agriculural Economics and Management

BAgricAdmin

Agribusiness Management
Agricultural and Rural Development
Industry-specific Farm Management-Viticulture

Agriculural Economics and Management

BScAgric

Agricultural Economics Analysis
Agricultural Economics Analysis and Management

BComm Agricultural Economics

BComm

Agricultural Economics
Business Management
Economics
Logistic Management
Financial Accounting

Animal Production Systems

BScAgric

Agricultural Economics combined with Animal Sciences

Crop Production Systems

BScAgric

Agricultural Economics combined with Crop Production Sciences


Students wanting to obtain the BAgricAdmin degree (with focus on Agri-business Management, Agricultural and Rural Development Management and Business-specific Farm Management - Viticulture), can join the programme from the first study year. Students who want to do the BScAgric degree (focus on Agricultural Economic Analysis and Agricultural Economic Analysis and Management) start their first-year course by following the programme for Biological Sciences at the Faculty of Natural Sciences. From the second year the students join the relevant programme at the Faculty of Agricultural and Forestry Sciences. Students can also choose a third option: They can follow the programmes of the BAgricAdmin. for the first two years and then switch to the BScAgric. (focus on Agricultural Economic Analysis and Management).

Modules offered by the Department:

The South African agricultural sector

A descriptive overview of the industry and its place in the national economy; the institutional framework; agricultural resources; the production structure.

Theory of production economics

Theory of agricultural production at individual business entities according to a market model of perfect competition; optimizing with regard to factor/product, factor/factor and product/product relationship; cost relationships; theory of supply of agricultural products; concepts of income, costs and margins in farming.

Agricultural price and marketing theory

Theory of consumer behavior; demand theory; pricing in a perfect market; features of imperfect markets; market trends in agriculture; price fluctuations in respect of agricultural products; the marketing margin and the producer’s share of the consumer Rand.

Resource economics

Basic concepts; factors that influence natural resource supply and demand; the availability of resources and the role of technology; the influence of location on land use.

Agricultural economics and financial analysis methodology

Output terms, input terms, margin terms, costing, economic and financial criteria, budgets.

Agricultural Policy

History of Agricultural policy in South Africa; instruments of agricultural policy; applications to South African agriculture; international trade policy.

Instruments of analysis

Probability distributions; statistical inference and linear and multiple regression with financial and economic application in agriculture; time-series forecasts for strategic planning in agriculture.

Introduction to agricultural marketing and co-operatives

The role of various players in agricultural marketing and the functioning of the market; organizational and functional dimensions of agricultural marketing; marketing problems; agricultural and food-marketing legislation; marketing of agricultural products in South Africa.

The nature and form of co-operatives and co-operative principles; the development and structure of agricultural co-operatives in South Africa; legal aspects of the founding, incorporation and functioning of co-operatives in South Africa; the nature of the control, management and financing of agricultural co-operatives.

Farm management

Management approaches; entrepreneurship; strategic and operational decision-making; management functions; management information and systems; capital needs of farming enterprise and sources of agricultural credit; financing policy; analysis of problems in connection with estate planning, inheritance and taxation (capital transfer tax and income tax) in agriculture; the communication process; communication channels.

Farm planning and decision-making

Creative problem solving; framework for analyzing farm decision-making; information processing and human judgment; the behavior and characteristics of a good communicator; approaches to decision-making under conditions of risk and uncertainty; tools and techniques for farm planning and decision-making; linear programming applications; deficiencies in the linear programming algorithm and introducing alternative programming techniques; case studies.

Agricultural and food marketing

Behavior of food consumers and food quality; food marketing research and information; marketing strategies for agricultural products and food in South Africa; food marketing in the informal sector; behavior of low-income food consumers.

Agricultural policy analysis

The theory of agricultural policy; market analysis; the role of agriculture in economic development; international trade and the institutional environment.

Environment and resource policy

Causes of environmental degradation; cost/benefit analysis; economic control of the environment; green taxation; environmental permits; quantifying environmental impact; environment auditing.

 



 

 

Contact Details:

Dept. of Agricultural Economics
J.S. Marais Building
Private Bag X1
7602

Tel +27 (0) 21 808 4758
Fax +27 (0) 21 808 4670