Study Guide

Objective

The student can
- basic concepts and key elements of the agricultural business economy.
- explain the main functions and principles of the agricultural enterprise on which the farm is managed.
- explain the link between resource efficiency and company performance.
- justify the importance of the farmer for the success of the farm.
- to prepare the basic calculations necessary for the management of the farm.
- utilize the materials of Luke's Economis

Content

Basic concepts of agricultural business economy, ,margin, profit and balance sheet calculations.
Farm management and decision-making basics
Profitability Accounting, Profitability Research Concept and Reporting System, and FADN Results for EU Countries

Materials

Kay, Edwards & Duffy 2008. Farm Management. McGraw-Hill. s. 1-96.
Ryhänen & Laitila 2012. Yhteistyö ja resurssit maitotiloilla. Seinäjoen amk:n julkaisusarja B: s.17-125.
www.luke.fi/taloustohtori
Material produced and compiled by the teacher

Teaching methods

Contact teaching, individual assignments and group assignments, independent work

Completion alternatives

Student has a possibility for employment integrated learning if the student is in a workplace where there are similar contents in the work assignments. Through the recognition of competence, previous similar studies can be taken into account. To be agreed with the teacher.

Student workload

Total study hours 135h
Lectures, online lectures, independent assignment and group work

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student receives a grade of 1 or 2, when he understands the basics of agricultural business in a satisfactory and supervision.The student is able to calculate the income, balance sheet and profitability calculations and understand the MTT Economics PhD basics of farming profitability of the company's accounting satisfactorily.

Assessment criteria, good (3)

The student understands the basics of agricultural business very well and is able to calculate the income, balance sheet and profitability calculations independently and understand the MTT Economics PhD basics of farming profitability of the company's accounting records as well.

Assessment criteria, excellent (5)

The student masters the basics of agricultural business economics very well, and is able to calculate the income, balance sheet and profitability calculations independently and versatile. He understands the MTT Economics PhD or agricultural enterprise profitability bookkeeping

Assessment methods and criteria

Exam, approved individual and group assignments, and active participation in lessons

Qualifications

None