UPMSP Int Agricultural Economics study plan
UPMSP Int Agricultural Economics · Give each week a clear focus.
8 weeks · About 7 hours per week
Agricultural Production, Factors of Production and Laws of Returns & Farm Management, Cost Concepts and Farm Planning
Define each factor of production (land, labour, capital, management) and classify ten farm inputs under these heads with justification
State the law of diminishing returns and derive the three regions of the production function from a given input-output table
Compute total, average and marginal product for a ten-row schedule and identify the rational stage of operation
Distinguish fixed and variable costs and build a cost table showing TFC, TVC, TC, AFC, AVC, ATC and MC
Explain the relationship between the law of returns and the shape of short-run cost curves in your own words
Your checkpoint
A hand-drawn or spreadsheet production-and-cost worksheet covering one hypothetical farm, with all product and cost columns computed and the rational stage marked
Farm Management, Cost Concepts and Farm Planning & Demand, Supply, Elasticity and Price Determination of Farm Products
Apply the principle of equi-marginal returns to allocate a limited budget across three enterprises
Prepare a simple farm plan (crop mix, area, expected yield, gross margin) for a 2-hectare holding
Define price elasticity of demand and supply and compute both from given price-quantity data
Classify five farm products as elastic or inelastic and justify each classification
Explain how elasticity of demand for a farm product affects the farmer's revenue when supply rises
Your checkpoint
A one-page farm plan with gross margins plus a worked elasticity problem set of five numericals with answers
Agricultural Marketing, Channels and Marketing Institutions & Agricultural Prices, Price Policy and Minimum Support Prices
List the functions of agricultural marketing and distinguish them from marketing functions of a manufacturing firm
Map at least four marketing channels for a chosen commodity from farmer to consumer and identify intermediaries at each stage
Compute the producer's share in the consumer's rupee for a given channel with costs and margins
Describe the objectives and mechanism of minimum support prices and how procurement operates
Explain the role of the Commission for Agricultural Costs and Prices in price recommendation
Your checkpoint
A channel map for one commodity with a full margin calculation showing producer's share, plus a 300-word note on how MSP affects the farmer's planting decision
Agricultural Finance, Credit and Rural Banking & Land Tenure, Land Reforms and Size of Holdings
Classify sources of agricultural credit as institutional and non-institutional and give two examples of each
Explain the role of cooperative credit structure, regional rural banks and NABARD in rural lending
Distinguish between production and investment credit and state the repayment norms for each
Describe the main land tenure systems and the objectives of land reform measures in India
Analyse how size of holding relates to efficiency and discuss the small-versus-large farm debate
Your checkpoint
A comparative table of credit institutions with purpose, beneficiaries and repayment terms, plus a 400-word essay on whether small holdings are inefficient
Introduction to Agricultural Economics and Its Scope & Agricultural Labour, Wages and Rural Employment & Cooperation, Farmers' Organizations and Rural Institutions
Define agricultural economics and distinguish it from general economics using three criteria
Explain the nature and scope of agricultural economics and its links with other disciplines
Describe the characteristics of agricultural labour in India and the concept of disguised unemployment
Explain how agricultural wages are determined and the role of minimum wage legislation
Outline the structure and functions of a primary cooperative society and a farmer producer organization
Your checkpoint
A concept map linking agricultural economics to production, marketing, finance and policy, with a 250-word note on disguised unemployment and its measurement
Indian and Uttar Pradesh Agricultural Development, Schemes and Statistics & Agricultural Prices, Price Policy and Minimum Support Prices
Compile key agricultural statistics for India and Uttar Pradesh: area, production and yield of major crops
List at least six central or state schemes relevant to farmers and state the benefit each provides
Describe the institutional history of agricultural development in Uttar Pradesh since the Green Revolution
Explain how price policy interacts with input subsidy and procurement in Uttar Pradesh
Identify the sources a candidate should consult for current agricultural statistics
Your checkpoint
A statistics-and-schemes fact sheet of one page per topic, with figures sourced and dated, and a 10-question self-test written from it
Agricultural Production, Factors of Production and Laws of Returns & Demand, Supply, Elasticity and Price Determination of Farm Products & Agricultural Marketing, Channels and Marketing Institutions
Solve ten mixed numericals on returns to scale, elasticity and marketing margins under timed conditions
Explain the law of equi-marginal returns and its limitation in farm planning
Distinguish perfect and imperfect competition in agricultural product markets
Describe the role of regulated markets, e-NAM and cooperative marketing societies
Diagnose your three weakest numerical areas from the timed set and rework them
Your checkpoint
A timed 60-minute numerical paper scored out of 50, with an error log listing each mistake and its corrected method
Introduction to Agricultural Economics and Its Scope & Farm Management, Cost Concepts and Farm Planning & Agricultural Finance, Credit and Rural Banking & Land Tenure, Land Reforms and Size of Holdings & Agricultural Labour, Wages and Rural Employment & Cooperation, Farmers' Organizations and Rural Institutions & Indian and Uttar Pradesh Agricultural Development, Schemes and Statistics
Revise all eleven domains using one-page summaries and check coverage against the syllabus weightings
Answer four full-length practice papers within the time limit
Recite definitions and key figures for finance, land reform and cooperation from memory
Review the error log from week 7 and confirm every weak area is resolved
Practise structuring long answers with definition, explanation, example and conclusion
Your checkpoint
Four completed timed practice papers with self-evaluation scores and a final one-page revision sheet covering all domains
Milestones
Week 2: Can compute total, average and marginal product and all short-run costs from raw data without referring to notes, and has a farm plan with gross margins ready
Week 4: Scores at least 70 percent on a self-made 30-question test covering production, cost, demand, marketing and finance, and can classify any credit source correctly
Week 6: Can state area, production and yield figures for at least five major crops and describe six government schemes with their benefits, all from memory
Week 8: Completes four full-length papers within time, averages at least 60 percent, and has no unresolved items on the error log