UPMSP Int Agricultural Economics study materials
UPMSP Int Agricultural Economics study resources

UPMSP Int Agricultural Economics study plan

UPMSP Int Agricultural Economics · Give each week a clear focus.

8 weeks · About 7 hours per week

Week 1

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

Week 2

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

Week 3

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

Week 4

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

Week 5

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

Week 6

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

Week 7

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

Week 8

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