Introduction

This course is about livestock production and management economics. The objectives of the course are to provide students with an advanced understanding of the economics of animal feeds and feeding, provide a good understanding of economic principles of livestock production, teach economic analysis of livestock production with the help of cost and profitability analysis, teach economic efficiency measures for livestock business and constraints and problems in livestock production and their solutions. So, in this course, all these objectives are achieved by developing a good understanding of these topics among the students.   

Learning Outcomes

After qualifying this course, students will be able to compare different livestock enterprises through cost and benefit analysis, check the efficiency of their business through different economic efficiency measures, farm budget analysis and farm business analysis, and integrate scientific knowledge into the production system to achieve maximum profit.  

Textbook

Ahmad. Bashir et al,(1996), Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.  

Assessment Criteria

Sr. No. Name Marks
1 Sessional 12 (Class Attendance: 2, Quiz: 4 & Assignment: 6)
2 Mid Term Exam 18
3 Final Term Exam 30

 

COURSE SCHEDULE

Week

Topics and Readings

Books with Page No.

1.

Introduction to Livestock, Role of Livestock in the Economy of Pakistan and Trend of livestock sector

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.

Economics of Livestock Production and Management, Page: 1-16

2. Comparative Economics of Livestock Production Elahi, M. (2013). Comparative economics of crop and livestock enterprises in various provinces of Pakistan in the temporal context.

Conference: A lecture delivered to the post-graduate students in Area Study Centre of the University of Peshawar: Peshawar, Pakistan

3.

Economic Principles of Production

Factor-Product Relationship

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.

Economics of Livestock Production and Management, Page: 36--53

4.

Factor-Factor Relationship

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.

Economics of Livestock Production and Management, Page: 54--63
5.

Product-Product Relationship

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.

Economics of Livestock Production and Management, Page: 64--79

6.

Economic Analysis of Livestock Products

Cost and Profitability Estimation Procedures

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology. 

Economics of Livestock Production and Management, Page: 80-85

7.

Labor-Input Estimate

Capital-Input Estimate

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.

Economics of Livestock Production and Management, Page: 86-92

8.

Cost of Milk

Cost of Beef

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.

Economics of Livestock Production and Management, Page: 93-95

9.

Economics of Meat, Milk, Hides, and Skins

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.

Economics of Livestock Production and Management, Page: 100-102

10.

Farm Business Analysis

Physical Records

General Records

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.

Economics of Livestock Production and Management, Page: 96-122

11.

Financial Records

Techniques of Estimation of Losses

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.

Economics of Livestock Production and Management, Page: 122-130

12.

Depreciation

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.

Economics of Livestock Production and Management, Page: 130-136

13.

Net Worth Statement and Income Statement, assets and liabilities, Analysis of Farm Business Records, Interpretation of Results and Income Statement

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.

Economics of Livestock Production and Management, Page: 136-142
14.

Profitability Analysis, Farm Efficiency Measures and Efficiency of Livestock Enterprises

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.

Economics of Livestock Production and Management, Page: 144-150

15.

Economic Analysis of Budgeting with different techniques

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.

Economics of Livestock Production and Management, Page: 156-167

16.

Constraints and problems in the development of the livestock sector

Book: Ahmad. Bashir and et al, 1996 Economics of Livestock Production and Management, Faculty of Agri. Economics and Rural Sociology.

Economics of Livestock Production and Management, Page: 22-34

Time Table

Sr. No. Class/Semester Monday Tuesday Wednesday
1 Agri.Economics 6th Semester 11:20-12:10 11:20-12:10 12:10-1:00

Course Material