COURSE CODE: AEM 501
COURSE TITLE: Production Economics, Farm Management & Accounting
NUMBER OF UNITS: 3 Units
COURSE DURATION: Three hours per week
Course Coordinator: Dr. O.F. Ashaolu, B.Sc., M.Sc., PhD
Office Location: Agric. Econs & Farm Mgt. Department, COLAMRUD
Theory and Principles of agricultural production with respect to resource use; resource allocation, resource and product/ enterprise combination, forms of production functions and their characteristics, response analysis, measurement of resource productivity. The decision making process. Depreciation techniques, assets fixation; Kinds and functions of farm records and account, farm planning and analysis, farm budgeting, farm records and
inventory; the balance sheet journal and ledger. Profit and loss statement preparation, adjusting entries. Problems of organizing and managing farms, linear programming.