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

Classroom teaching

Exam schedules

The exam is in the last classroom teaching session.

Student workload

135 h

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,

Qualifications

None