Production Economics (10cr)
Course unit code: 9A00BW93
General information
- Credits
- 10 cr
- Teaching language
- Finnish
- Responsible person
- Matti Ryhänen
Objective
The student is familiar with agriculture production and diversity of rural entrepreneurship. He/she masters the rules of law within agribusiness and knows the basics of production economy. He /she is able to search new information in academic publications and utilize the information to solve problems in plant production and animal husbandry.
Content
- Theory and the real world , economic review of production processes, production technology and operational environment as a restraint, profit maximization and minimization of costs, connection between theory and practice and its utilization in economic decision making within plant production and animal husbandry
Qualifications
Basics of agribusiness
Assessment criteria, satisfactory (1)
(1)The student masters the basics of production economy and its economical cornerstones and the terms of production theory satisfactorily. He /she is able to utilize production economy in decision making and can apply production theory in practice satisfactorily.
Assessment criteria, good (3)
(3)The student masters the basics of production economy and its economical cornerstones and the principles of production theory. He/she masters the terms of production theory and is able to utilize production economy in decision making well. He/she can apply production theory in practice and is able to solve practical economic problems well.
Assessment criteria, excellent (5)
(5) The student masters the basics of production economy and its economical cornerstones and the principles of production theory excellently. He /she
can solve theoretical optimizing assignments orally, graphically and mathematically. He/she can apply production theory in practice and is able to solve practical economic problems at an advanced level.
Materials
Kay, Edwards & Duffy 2019. Farm Management. McGraw-Hill. s. 121-172. Ryhänen & Sipiläinen (2018). Maatalousyrityksen johtaminen ja toiminnan kehittäminen. Ryhänen ja Laitila (toim.) 2012. Yhteistyö ja resurssit maitotiloilla : verkostomaisen yrittämisen lähtökohtia ja edellytyksiä. Seinäjoen ammattikorkeakoulun julkaisuja B 59.