Study programmes / B-AGE Agricultural Engineering / Introduction to Economics of Agrarian Sector
Course code:UEAS
Course title in language of instruction:Úvod do ekonomiky agrárního sektoru
Course title in Czech:Úvod do ekonomiky agrárního sektoru
Course title in English:Introduction to Economics of Agrarian Sector
Mode of completion and number of credits:Exam (6 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes:full-time, 2/2
(full-time, hours of lectures per week / hours of seminars per week)
Language of instruction:Czech
Level of course:bachelor
Semester:WS 2018/2019 - FA
Name of lecturer:prof. Ing. Věra Bečvářová, CSc. (lecturer, supervisor)
Ing. Barbora Daňková, Ph.D. (examiner, instructor, lecturer)
Ing. et Ing. Denisa Dvořáková (instructor)
Aims of the course:Objective of the course. Based on the knowledge of the general background of economic theory and principles of the economic system to familiarize students with the characteristics of their expressions in terms of contemporary agriculture and agribusinesses. Output-based knowledge of student understanding of basic economic theory and its applications in agriculture and downstream sectors of the agrarian sector and agribusinesses in economics and economic and political contexts create conditions for student orientation in general and specific manifestations and consequences of the economic development of this sector. Along with discovering the technological aspects of economic activities in the field equips the students ability to integrate knowledge and apply it in specific scenarios and changes in business environment in the context of global and local agribusinesses.
Course contents:
1.Foundations of economic theory (allowance 6/6)
a.subject matter, concepts, categories

2.Agriculture and agrarian sector, production and non-production functions, agribusiness (allowance 2/2)
3.Shaping the market - types of markets, market operators, basic market categories (allowance 6/6)
a.Markets of products and services, consumer and demand formation
b.Firm behavior and supply formation
c.Specificities and types of markets in agribusines, demand, supply, equilibrium, price transmission in food chain.

4.Production factors markets (allowance 4/6)
a.Demand, supply, price formation on PF markets, economic rent and transfer earnings
b.Reflection of the specifics of agricultural markets and the production factors effectiveness

5.Land as a basic factor of production (allowance 4/4)
a.Principles of valuation of land under production efficiency, impact on the structure and differential production results in agriculture
b.Land market - the price of agricultural land types, principles and factors determining their creation
c.Economic differentiation of firms in the agriculture and agrarian sector

6.Theoretical concept of economic policy in the agrarian sector (allowance 6/4)
a.Role of state and the reasons for supporting agriculture
b.Economic policy in the agrarian sector - basic approaches

Learning outcomes and competences:
Generic competences:
-ability to analyse and synthesize
-ability to apply knowledge
-ability to communicate with professionals in different field of study
-capacity to adapt to new situations
-professional knowledge

Specific competences:
-analysis of entrepreneurial environment of agribusiness in regional and national conditions
-Competence to apply and interpret basic economic indicators for the evaluation of industry and enterprise in agriculture
-identification of links among technological and economical items in decision making
-Knowledge of the specifics of agriculture and their influence on the markets of commodity vertical

Type of course unit:required
Year of study:Not applicable - the subject could be chosen at anytime during the course of the programme.
Work placement:There is no compulsory work placement in the course unit.
Recommended study modules:none
Assessment methods:Combined oral and written examination (50% + 50% of the final mark) verifying the level of knowledge of economic theory and its implementation in the agrarian sector. The condition test is to grant credit for successful completion of continuous self-test of subject matter and active participation in seminars
Learning activities and study load (hours of study load)
Type of teaching methodDaily attendance
Direct teaching
     lecture28 h
     practice16 h
     seminar12 h
     consultation4 h
     public presentation (oral)2 h
     preparation for exam40 h
     preparation for regular assessment15 h
     preparation for regular testing36 h
     preparation of presentation15 h
Total168 h

Basic reading list
  • BEČVÁŘOVÁ, V. -- ZDRÁHAL, I. Zemědělská politika a obchod. Brno: Mendelova univerzita v Brně, 2013. 132 p. ISBN 978-80-7375-761-8.
  • BEČVÁŘOVÁ, V. Zemědělství v agrobyznysu. Základy agrární ekonomiky a politiky. Brno: MZLU v Brně, 2005. 62 p. 1. ISBN 80-7157-891-6.
  • HOLMAN, R. Ekonomie. 2nd ed. C.H. Beck, 2001. 714 p. Beckovy ekonomické učebnice. ISBN 80-7179-387-6.
  • MACÁKOVÁ, L. et al. Mikroekonomie: základní kurs. 10th ed. Slaný: Melandrium, 2007. 275 p. ISBN 978-80-86175-56-0.
Recommended reading list
  • BEČVÁŘOVÁ, V. Podstata a ekonomické souvislosti formování agrobyznysu. 1st ed. Brno: MZLU v Brně, 2005. 68 p. ISBN 80-7157-911-4.
  • BEČVÁŘOVÁ, V. et al. Vývoj českého zemědělství v evropském kontextu. 1st ed. Brno: Mendelova zemědělská a lesnická univerzita v Brně, 2008. 62 p. ISBN 978-80-7375-255-2.
  • Global agricultural policy reform and trade: environmental gains and losses. North Hampton: Edward Elgar, 2004. 202 p. ISBN 1-84376-887-9.
  • Agricultural Economics and Agribusiness. 6th ed. New York: John Wiley & Sons, 1994. 534 p. ISBN 0-471-59552-7.