ECON2245-1 : Agricultural economics

University of Liege | Version française

Study programmes 2010-2011

Last update : 11/04/2011

ECON2245-1

Agricultural economics

Duration :

12h Th, 12h Pr

Credits/ECTS :

Advanced Master in Rural Economics and Sociology	First semester	2

Master in Agricultural Bioengineering, Professional Focus, 1st year	First semester	2

Master in Agricultural Bioengineering, Professional Focus, 2nd year	First semester	2

Master in Chemistry and Bio-industries, Professional Focus, 2nd year	First semester	2

Master in Forests and natural Areas Engineering, Professional Focus, 1st year	First semester	2

Holder(s) :

Philippe Burny

Language :

French language

Course contents :

1. Cost price determination of an agricultural production
1.1. Land renting
1.2. Inputs
1.3. Labour force
1.4. Traction
1.5. External work
1.6. Cost-share of machinery
1.7. Cost-share of buildings
1.8. Specific costs
1.9. General costs
1.10. Interest an advances
2. Production factors
2.1. Land
2.2. Labour force
2.3. Machinery
2.4. Agricultural capital
2.4.1. Nature and importance of mobilized capital
2.4.2. Investment and indebtedness
3. The agricultural enterprise
4. Prices and price indexes
5. Agricultural income
6. The gross margin
7. The Technico-Economical Orientations

Course objective :

To give students the basic laws of agricultural economics and management.
After completing the course the student is expected to
To calculate the cost price of an agricultural production.
To characterize a given agriculture.
To know agricultural production factors.
To use the gross margin.

Prerequisites :

Elementary knowledge in mathematics and marginal theory.

Organization :

Lectures : 12h
Practical Works : 12h

Written notes :

1) CHOMBART de LAUWE, J., POITEVIN, J. et TIREZ, J.C. (1963). Nouvelle gestion des exploitations agricoles. Dunod, Paris.
2) BUBLOT, G. (1965). L'exploitation agricole. Economie-Gestion-Analyse. Nauwelaerts, Louvain.
3) Conseil Supérieur Wallon de l'Agriculture, l'Agro-alimentaire et l'Alimentation. Evolution de l'économie agricole et horticole de la Région wallonne (publication annuelle) + études thématiques.
4) Ministère de la Région wallonne - Direction générale de l'Agriculture (2004). Evolution de l'économie agricole et horticole wallonne en 2002 et 2003.
5) HELLEMANS, R. (2001). Classification actualisée des exploitations agricoles belges. Centre d'Economie Agricole. Bruxelles.
6) Economie rurale. Publication bimestrielle de la Société Française d'Economie Rurale.

Assessment :

Group report (33%)
Oral examination (67%)

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