Agricultural Economics and Marketing Table of Specifications PDF

TABLE OF SPECIFICATIONS Board of AGRICULTURE Subject: AGRICULTURAL ECONOMICS AND MARKETING Weight: 16.7%_________________ PQF Level: 6_ Bloom’s Taxonomy Remembering Understanding Applying Analyzing Evaluating Creating Topics and Compe...

TABLE OF SPECIFICATIONS Board of AGRICULTURE Subject: AGRICULTURAL ECONOMICS AND MARKETING Weight: 16.7%_________________ PQF Level: 6_ Bloom’s Taxonomy Remembering Understanding Applying Analyzing Evaluating Creating Topics and Competencies Wgt (%) No. of Item The examinees can perform the following competencies under each topic: A. Introduction 0.835 5 4 1 1. Definition, scope, nature 5 4 1 and foundation of economics 1.1 Define terms in 2 2 economics 1.2 Describe the 1 1 nature, scope and foundation of economics 1.3 Describe the major 1 1 fields of study of agricultural economics 1.4 Cite the economic 1 1 ideologies of nations B. Microeconomics 5.03 30 6 13 11 1. Production and Cost 0.334 2 1 1 1.1 Explain the 1 1 production function 1.2 Apply the law of 1 1 diminishing returns in agriculture 2. Costs of production 0.835 5 5 2.1 Examine the 2 2 various factors of productioji 2.2 Differentiate short 2 2 run from long run condition 1 I % 2.3 Analyze the 1 1 relationship of production costs to supply 3. Demand 0.835 5 1 2 2 3.1 Explain demand, its 1 1 types and components 3.2 Examine the 2 2 demand determinants 3.3 Differentiate 2 2 change in quantity demanded vs. change in demand 4, Supply 0.835 5 1 2 2 4.1 Explain supply, its 1 1 types and components 4.2 Examine the supply 2 2 determinants 4.3 Differentiate 2 2 change in quantity supplied vs. change in supply 5. Elasticity 1.002 6 4 2 5.1. Analyze the 2 2 demand and supply elasticities and the factors affecting them 5.2 Apply these 4 4 concepts in government policies/programs aimed at increasing farmer's income 6. Price and Output 0.668 4 1 3 Determination 6.1 Apply supply and 3 3 demand interactions in determining price and output in the market 6.2 Describe price and 1 1 output determination in imperfectly competitive markets 2 / I 7. Consumption 0.501 3 2 1 7.1 Explain the theory 2 2 of consumer behavior and the law of diminishing marginal utility 7.2 Demonstrate how 1 to optimize consumer's satisfaction subject to production constraint and given income level C. Macroeconomics 2.5 15 1 4 10 1. National Income 0.501 3 3 Accounting 1.1 Differentiate the 3 3 various approaches to national income accounting 2. Consumption, Savings 0.501 3 3 and Investment 2.1 Explain the 3 3 consumption, saving and investment functions 3. Unemployment and 0.501 3 1 2 Inflation 3.1 Examine 1 1 employment, unemployment, and inflation 3.2 Determine the 2 2 causes and effects of unemployment and inflation and the measures to counteract them 4. Monetary and Fiscal 0.501 3 3 Policy 4.1 Differentiate 1 1 monetary from fiscal policy 4.2 Demonstrate how 2 2 monetary and fiscal policy are used to influence national income 5. Money and Banking 0.501 3 1 2 5.1 Define the role of 1 1 money and the demand for it 3 ( r 5.2 Determine the role 2 2 of banking on money supply D. Agriculture and 3.35 20 1 6 3 7 3 Economic Growth 1. Definition of Terms 1.67 10 3 7 1.1 Describe 3 3 agriculture, intensive vs. extensive agriculture, sustainable development, economic growth, and economic development 1.2 Identify the various 3 3 strategies for promoting economic growth and development 1.3 Determine the 4 4 policies and programs for agricultural development and legal parameters 2. International Economics 1.67 10 1 3 3 3 2.1 Explain free trade 1 1 and the basis of specialization 2.2 Examine the 3 3 barriers to trade (tariff and non­ tariff) and their impact on agriculture 2.3 Appraise effect of 3 3 GATT-WTO and other stages of economic integration 2.4 Describe the 1 1 balance of ----- -payments and-fts- parts 2.5 Explain the 2 2 balance of payments and ________ foreign exchange E. Agricultural Marketing 5.01 30 4 7 7 12 1. Introduction 2.171 13 4 9 1.1 Discuss the terms 4 4 used in agricultural marketing including 4 i the approaches to the study of agricultural marketing 1.2 Examine the 6 6 importance of the various marketing functions (transportation, storage, grading and standardization, packaging and labeling, and market intelligence) 1.3 Analyze how the 3 3 performance of these functions (storage, grading and standardization, packaging and labeling, and market intelligence) contribute to value addition and efficiency of the marketing system 2. Marketing Margin and 0.835 5 2 3 Cost 2.1 Describe the types 2 2 of marketing margin 2.2 Analyze how 3 3 marketing margins and costs affect the efficiency of the marketing system 3. Marketing Program or 2.004 12 2 3 7 the 4P’s of Marketing 3.1 Describe the types 2 2 of product and strategies to achieve product quality 3.2 Examine how price 4 4 behaves over time, its operational aspects and pricing strategies adopted 3.3 Describe the role of 3 3 market intermediaries and the factors 5 i affecting choice of channels of distribution 3.4 Examine the 3 3 different types of promotion mix and how to effectively advertise agricultural products Total 16.67 100 10 24 34 29 3 6