Agricultural Economics: Introduction

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When did Agricultural Economics start to be studied as a separate branch of Economics and Agronomy?

In the beginning of 20th century

What is discussed in the first chapter of the course?

Evolution of agricultural economics and its role in economic development

What led to the significant interest in farm management problems in the beginning of the 20th century?

Depression of 1890s affecting agriculture

When did organized farm groups stir considerable interest in farm management problems?

After the depression of 1890s

What caused the eruption of interest in economic issues related to agriculture in several educational centers?

Beginning of 20th century

When did Agricultural Economics start to be studied as a separate branch of Economics and Agronomy?

Agricultural Economics started to be studied as a separate branch of Economics and Agronomy only in the beginning of the 20th century.

What are the expected outcomes after completing the first chapter?

After completing the first chapter, students will be able to discuss how agricultural economics became a separate field of economics, define agriculture and agricultural economics, narrate the historical development of agriculture, discuss the role of agriculture for economic development, and illustrate the relationship between agriculture and industry.

How did organized farm groups contribute to the interest in farm management problems?

Organized farm groups stirred considerable interest in farm management problems only after the depression of 1890s, which seriously affected agriculture.

What is the historical background of agricultural economics as a separate discipline?

Agricultural Economics as a separate discipline started only in the beginning of the 20th century when interest in economic issues related to agriculture erupted in several educational centers.

Why is there a limited number of books written on agricultural economics as a separate field of study?

Despite a significant number of literature written on agriculture, there are limited number of books written on agricultural economics as a separate field of study.

Test your knowledge on the fundamental concepts and significance of agricultural economics as discussed in the introductory chapter of the course.

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