AECON-221 PRINCIPLES OF AGRICULTURAL ECONOMICS & FARM MANAGEMENT NOTES (6th DEAN)

AECON-221 Principles of Agricultural Economics & Farm Management Notes

All Lecture Links

Lecture-1 Economics: Meaning, scope and subject matter:-

https://plantbreeding2010.blogspot.com/2026/08/economics-meaning-scope-and-subject.html

Lecture-2 Economics: Definitions, activities, Approaches to economic analysis:-

https://plantbreeding2010.blogspot.com/2026/08/economics-definitions-activities.html

Lecture-3 Micro and macro economics, positive and normative analysis:-

https://plantbreeding2010.blogspot.com/2026/08/micro-and-macro-economics-positive-and.html

Lecture-4 Nature of economic theory; Rationality assumption:-

https://plantbreeding2010.blogspot.com/2026/08/nature-of-economic-theory-rationality.html

Lecture-5 Concept of equilibrium:-

https://plantbreeding2010.blogspot.com/2026/08/concept-of-equilibrium.html

Lecture-6 Economic laws as generalization of human behavior:-

https://plantbreeding2010.blogspot.com/2026/08/economic-laws-as-generalization-of.html

Lecture-7 Basic concepts: Goods and services, desire, want, demand, utility, cost and price, wealth, capital, income and welfare:-

https://plantbreeding2010.blogspot.com/2026/08/basic-concepts-goods-and-services.html

Lecture-8 Agricultural economics: Meaning, definition, characteristics of agriculture:-

https://plantbreeding2010.blogspot.com/2026/08/agricultural-economics-meaning.html

Lecture-9 Agricultural economics: Importance and its role in economic development:-

https://plantbreeding2010.blogspot.com/2026/08/agricultural-economics-importance-and.html

Lecture-10 Agricultural planning and development in the country:-

https://plantbreeding2010.blogspot.com/2026/08/agricultural-planning-and-development.html

Lecture-11 Law of demand, demand schedule and demand curve:-

https://plantbreeding2010.blogspot.com/2026/08/law-of-demand-demand-schedule-and.html

Lecture-12 Determinants, Utility theory; law of diminishing marginal utility, Equi-marginal utility principle:-

https://plantbreeding2010.blogspot.com/2026/08/determinants-utility-theory-law-of.html

Lecture-13 Consumer’s equilibrium and derivation of demand curve, concept of consumer surplus:-

https://plantbreeding2010.blogspot.com/2026/08/consumers-equilibrium-and-derivation-of.html

Lecture-14 Elasticity of demand: concept and measurement of price elasticity, Income elasticity and cross elasticity:-

https://plantbreeding2010.blogspot.com/2026/08/elasticity-of-demand-concept-and.html

Lecture-15 Production: Process, creation of utility, Factors of production, input output relationship:-

https://plantbreeding2010.blogspot.com/2026/08/production-process-creation-of-utility.html

Lecture-16 Farm Management- Meaning, Definition, objective, its relation with other sciences:-

https://plantbreeding2010.blogspot.com/2026/08/farm-management-meaning-definition.html

Lecture-17 Concept and Types of Production functions:-

https://plantbreeding2010.blogspot.com/2026/08/concept-and-types-of-production.html

Lecture-18 Laws of returns: Law of variable proportions and law of returns to scale:-

https://plantbreeding2010.blogspot.com/2026/08/laws-of-returns-law-of-variable.html

Lecture-19 Cost: Cost concepts, short run and long run cost curves:-

https://plantbreeding2010.blogspot.com/2026/08/cost-cost-concepts-short-run-and-long.html

Lecture-20 Supply: Stock v/s supply, law of supply, supply schedule, supply curve, Determinants of supply, elasticity of supply:-

https://plantbreeding2010.blogspot.com/2026/08/supply-stock-vs-supply-law-of-supply.html

Lecture-21 Distribution theory: Meaning, factor market and pricing of factors of production, Concepts of rent, wage, interest and profit:-

https://plantbreeding2010.blogspot.com/2026/08/distribution-theory-meaning-factor.html

Lecture-22 National income: Meaning and importance, circular flow, Concepts of national income accounting and approaches to measurement, difficulties in measurement:-

https://plantbreeding2010.blogspot.com/2026/08/national-income-meaning-and-importance.html

Lecture-23 Money: Barter system of exchange and its problems, evolution, meaning and functions of money, classification of money, money supply, general price index, inflation and deflation:-

https://plantbreeding2010.blogspot.com/2026/08/money-barter-system-of-exchange-and-its.html

Lecture-24 Economic systems: Concepts of economy and its functions, important features of

capitalistic, socialistic and mixed economies, elements of economic planning:-

https://plantbreeding2010.blogspot.com/2026/08/economic-systems-concepts-of-economy.html

Lecture-25 Forms of business organizations, international trade and balance of payments:-

https://plantbreeding2010.blogspot.com/2026/08/forms-of-business-organizations.html

Lecture-26 GST and its implication on Indian economy:-