AGEC 411 — Agricultural Marketing & Price Analysis
Agriculture · University of Ghana
The role of prices; demand analysis (theory), focusing on review of consumer behavior, utility maximization, elasticity, substitution & income effects of price changes, Engel curves. Demand analysis (empirical consideration), demand for a typical farm product, formulating demand equations, demand for agricultural inputs. Supply analysis, supply relation in agriculture, estimating supply functions (direct & indirect approaches). Estimation problems, model specification, using cross-section and time-series data, interpreting estimated parameters, statistical tests, and forecasts. Introduction to Futures market. General overview of Agricultural pricing policies in Ghana. Overview; business, marketing and trade; problems in agricultural marketing and trade, the concept of market, market structure and trade; Group behaviour and pricing (Non-collusive oligopoly models, collusive oligopoly concepts); non-price competition; Critical issues in international trade (the foreign exchange market, tariffs, balance of payments, economic integration)
- Credits
- 3
- Level
- Level 400
- Semester
- Semester One
Other courses on this programme
- AGEC 400 — Research Project
- AGEC 406 — Managerial and Business Economics
- AGEC 410 — Agrifood Business and Agroprocessing
- AGEC 413 — Agribusiness Management
- AGEC 415 — Quantitative Methods & Operations Research
- AGEC 417 — Management Accounting
- AGEC 418 — Fundamentals of Business Planning & Policy
- AGEC 419 — Market Research and Analysis
- AGEX 411 — Theoretical Foundations of Innovation in Development Work
- AGEX 412 — Management of Development Organisations
- AGEX 413 — Rural Livelihoods and Food Security
- AGEX 414 — Sustainable Agricultural Value Chain Development
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Start freeCourse details from University of Ghana Volume 3 Handbook for the Bachelor's Degree: Course Descriptions for Programmes in the Sciences (2017).