Syllabus

Course Code: M-ECOE -045    Course Name: Elective Course - Economics of Agriculture-II

MODULE NO / UNIT COURSE SYLLABUS CONTENTS OF MODULE NOTES
1

Agricultural Production and Its Diversification

Agricultural Production- Stock and Flow Resources, Production Relationships, Resource use and efficiency; Production Functions analyses in agriculture; Factor Relationships – Iso-quant and Iso-cost Line, Optimum Combination; Product Relationships – Joint Products, Competitive Products, Supplementary Products and Antagonistic Products; Diversification of Agricultural Production – Horticulture and Floriculture, Mushroom Cultivation and Processing of Agricultural Products.

 

Reading List

·        Ahuja, S. & Jaggi, P. (2017). Mashroom: Scope and future in India. Kurukshetra – A Journal on Rural Development, 65(6), 40-44.

·        Gautam, H.R. & Kaushal, R. (2017). Horticulture: The growth engine for agriculture sector. Kurukshetra – A Journal on Rural Development, 65(6), 5-9.

·        Rawat, S. (2017). Floriculture: Potential source of farmer’s income. Kurukshetra – A Journal on Rural Development, 65(6), 45-47.

·        Sharma, A.K., Wahab, S. & Srivastava, R. (2010). Agriculture Diversification: Problems and Perspectives. I.K. International Publishing House Pvt. Ltd., New Delhi.

·        Thakur, A.K. & Padmadeo, K.B. (2008). Growth and Diversification of Agriculture. Deep & Deep Publications Pvt. Ltd., New Delhi.

2

Rural Finance

Role of capital and rural credit; Organized and unorganized capital market; Rural savings and capital formation;

Characteristics and Sources of rural credit – Institutional and non-institutional; Reorganization of rural credit – cooperatives, commercial banks, regional rural banks; Role of the NABARD.

 

Reading List

·        EPW Research Foundation (2014).Agricultural Credit in India: Trends, Regional Spreads and Database Issues. Published by NABARD, 2014.

·        Nagaraju, B. (2018). Recent Trends and Patterns of Agricultural Credit in India. KY Publications, Guntur, Andhra Pradesh.

·        Shandilya, T.K. & Prasad, U. (2003).Agricultural Credit and NABARD. Deep & Deep Publications (P) Ltd., New Delhi.

·        Singh, B. (2000).Agricultural Credit: Sources, Problems and Emerging Issues. Deep & Deep Publications Pvt. Ltd., New Delhi.

·        Panda, R.K. (Eds.). (2005).Emerging Issues on Rural Credit. APH Publishing Corporation.

3

Theories of Agricultural Development

Schultz’s Transformation of Traditional Agriculture; Mellor’s Model of Agricultural Development; Boserup  Model of Agriculture Development; Ranis – Fie Model of Agriculture Development; Hayami - Ruttan Induced Innovation Hypothesis.

 

Reading List

·        Forster, G.W. & Leager, M.C. (1951). Elements of Agricultural Economics. Prentice Hall.

·        Cohen, R.L. (2008). Economics of Agriculture. Nishet, London.

·        Cramer, Gail L., Paudel, Krishna P. & Schmitz, A. (Eds.). (2018). The Routledge Handbook of Agricultural Economics. Routledge, New York.

4

Agriculture and External Sector

Issues in liberalization of domestic and international trade in agriculture; Impact of the World Trade Organization on Indian Agriculture; Agriculture and Environment– Sustainable Development; Food Security and International Trade – Concept, Threat, Indicators and Mechanism to Food Security.

 

Reading List

·        Gulati, A. & Kelly, T. (2001). Trade Liberalisation and Indian Agriculture. Oxford University Press.

·        Prasad, C.S. (2012). Agriculture and Sustainable Development in India. New Century Publications.

·        Rudra, A.(1982). Indian Agricultural Economics: Myths and Reality. Allied Publishers, New Delhi.

·        Singh, K. (2006). Indian Agriculture Trade in Pre and Post WTO Regime: A Comparative Study. K.U.R.J. (Arts & Humanities), 40.

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