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| ECON0942-1 | Rural economics and farm business management
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| Duration : | 32h Th, 20h Pr, 8h FT |
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| Number of credits : |
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| Lecturer : | Philippe Burny, Thomas Dogot, Philippe Lebailly |
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Language(s) of instruction :
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| French language |
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Organisation and examination :
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| Teaching in the first semester, review in January |
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Course contents :
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| The course of Rural Economics and Agricultural Business Management is part of the major module entitled "Rural Economics and European and international policies." This major module aims to give students with a foundation of skills to adopt the approach and tools of economic analysis to the specific problems of agriculture and agribusiness.
The course ECON0942 focuses on the analysis of the agricultural sector and its production factors and on management principles applied to agricultural enterprises.
For the 2012-2013 academic year, the first part of the course introduces the principles of general accounting as a prerequisite for management accounting.
The course is divided in three parts. The general plan below gives an overview of the content.
First section: General accounting
1.1. Introduction
1.2. Basic principles
1.3. General rules of bookkeeping
1.4. Real accounting holding
1.5. The balance sheet accounts: assests
1.6. The balance sheet accounts: liabilities and methods of inventory valuation
1.7. The results accounts
Second section: Management accounting applied to the agricultural sector
2.1 Introduction: from general accounting to management accounting
2.2 Principles and methods of cost accounting
2.3 Relevant indicators for management accounting
2.4 Management tools: methods of analysis and diagnosis of technical and economic performances of a farm
2.5 Data collection and agricultural management consultancy
Third section: Factors of production in agriculture
3.1 Land capital
3.2 Labor
3.3 Equipment
3.4 Nature and extent of agricultural capital
3.5 Investment and Debt |
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Learning outcomes of the course :
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| The course enables students to acquire the following knowledge:
- basic accounting techniques
- cost accounting principles
- technical and economic indicators applied to the management of agricultural enterprises
- analysis of agricultural sector and its production factors
At the end of the course, students should be able to:
- analyze accounting records of a company
- implement the principles of cost accounting
- establish a full cost price
- objectify the decision support for the management of a farm
- characterize the socio-economic features of an agriculure |
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Prerequisites and co-requisites/ Recommended optional programme components :
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| Prerequisites of general accounting are taught in the first part of the course for the 2012-2013 academic year.
Basic knowledge in mathematics and those relating to the marginalist economic theory are required to ensure an optimal approach of the course. The course of Political and Social Economy (ECON2244) allows to acquire these prerequisites.
For students who wish to deepen the subjects covered in this course, recommended optional programme components are:
- AGRO 1.32 dedicated to special issues in development economics;
- AGRO 1.52 for deepening the economic decision support for individual firms or for subsets of the sector;
- AGRO 1.35 centered on the common agricultural policy (CAP) and sociological and legislative perspectives of rural development. |
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Planned learning activities and teaching methods :
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| Lectures (32 h)
Exercises and case studies (10 h + 8h)
Personal work (10 h) |
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Mode of delivery (face-to-face ; distance-learning) :
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| Face-to-face course as detailed in the previous section. |
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Recommended or required readings :
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| - G. Bublot. L'exploitation agricole. Economie-Gestion-Analyse. Nauwelaerts, Louvain.
- J. Chombart de Lauwe, J. Poitevin, J.C. Tirez. Nouvelle gestion des exploitations agricoles. Dunod, Paris.
- J.P. Gillet, V. Ginsburgh, P. Michel et Khrouz. Comptabilité, De Boeck.
- Melyon, Hemeci et Fernandez. Comptabilité analytique : principes, techniques et évolutions. Editions ESKA.
- Société Française d'Economie Rurale. Economie rurale. Publication bimestrielle.
- SPW-DGARNE. Evolution de l'économie agricole et horticole wallonne. Available for downloading online : http://agriculture.wallonie.be/apps/spip_wolwin/rubrique.php3?id_rubrique=31 |
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Assessment methods and criteria :
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| Written exam (70 %)
Personal work (30%) |
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Work placement(s) :
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Organizational remarks :
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Contacts :
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| Dogot Thomas (Coordinateur ECON0942)
thomas.dogot@ulg.ac.be
+32 81 622364
Burny Philippe
philippe.burny@ulg.ac.be
+32 81 622647
Lebailly Philippe
philippe.lebailly@ulg.ac.be
+32 81 622361
Unité d'Economie et Développement rural
Bât GE Gembloux Agro-Bio Tech
passage des Déportés 2
5030 Gembloux |
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