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CHANCELLOR Sir George Alleyne OCC, MD, FRCP, FACP (Hon), Hon. DSC (UWI) - page 67 / 136

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The

FA C U L T Y Faculty

BOOKLET 2004 – 2005 of Science & Agriculture

AGBU 1003 (AM19A) APPLIED ANALYTICAL TECHNIQUES (3 credits)

AGBU 2000 (AM21A) AGRICULTURE IN THE ECONOMY (4 credits)

Syllabus: Economic application of functions, graphs and systems of equa- tions. Partial derivative, maxima and minima. Methodology and approaches for quantitative economic analysis. Regression analysis: simple and multiple regression, model formulation/ specification, estimation, significance testing and economic interpretation. An introduction to linear programming: model construction and application such as least cost minimisation, maximisation and transportation problems. An introduction to project management techniques: the Log Frame, Critical Path Method, Inventory Control Models and Forecasting. Review of various techniques; relevance and application for agri-busi-

ness management Assessment: Coursework Final Examination

25% 75%

Prerequisite: AGRI 1004 (AG15B) Syllabus: The structure of Caribbean economies. Simple income deter- mination. Balance of payments. Economic growth models. Theories of economic development. The role of the agricultural sector in the development process. Agricultural policy formu-

lation. Selected policy issues. Assessment: Coursework Examination

20% 80%

AGBU 2002 (AM23B) MANAGEMENT AND ECONOMICS OFAGRICULTURAL PRODUCTION AND MARKETING (4 credits)

AGBU 1004 (AM19B) CONSUMER ECONOMICS (3 credits)

Prerequisite: AGRI 1004 (AG 15B) Syllabus: Consumer choice and demand concepts: Consumer preference, constraints, Demand and Engel curves, Income and Substitu- tion Effects and Elasticity. Consumer theory and applications: utility, indifference curve, demand based on product attributes, optimisation and choice. Consumer decision-making and choice in various markets: perfect competition, monopoly (monopsony), oligopoly, and monopolistic competition. Pricing and output in various markets. Consumer surplus and consumer welfare. Policy instruments: price control, pricing and inflation. Inte- gration of the various concepts and review of concepts and

Prerequisite: AGRI 1004 (AG15B) Syllabus: Basic theory of agricultural production with particular respect to technology and economic and technical efficiency in resource use. The basic theory of the consumer. The nature and scope of marketing. The functions of marketing intermediaries. The organisation of agricultural markets in the Caribbean. Basic concepts in the management of farms and agri-business firms. Managerial functions. Forms of business organisations. Ac- counting and record keeping systems. Personnel management.

Assessment:

Coursework (midterm)

20%

Examination

80%

relevance to effective agri-business management. Assessment: Coursework Final Examination

25% 75%

67

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