Overview

Credit Hours - 3

Agricultural Price Analysis & Marketing

The role of prices; demand analysis (theory), focusing on review of consumer behaviour, utility maximization, elasticity, substitution & income effects of price changes, Engel curves. Demand analysis (empirical consideration), demand for a typical farm product, formulating demand equations, demand for agricultural inputs. Supply analysis, supply relation in agriculture, estimating supply functions (direct & indirect approaches). Estimation problems, model specification, using cross-section and time-series data, interpreting estimated parameters, statistical tests, and forecasts. Introduction to Futures market. General overview of Agricultural pricing policies in Ghana.

Overview; business, marketing and trade; problems in agricultural marketing and trade, the concept of market, market structure and trade; Group behaviour and pricing (non-collusive oligopoly models, collusive oligopoly concepts); non-price competition; Critical issues in international trade (the foreign exchange market, tariffs, balance of payments, economic integration)

Credit Hours - 3

Management Accounting

The course is designed for students to develop the skill in preparing the accounts and financial statements of farms and other agricultural businesses (agribusiness). The course focuses on the knowledge and skills that analysts need in managing the accounts and financial positions of farms and other agribusinesses. It presents the concepts in management accounting, including: overview of management accounting; basic cost classifications and concepts; materials control; stock valuation; ledger accounting; product costing systems; cost-volume-profit (CVP) analysis; standard costing; marginal and absorption costing; and performance measurement.

Credit Hours - 3

Managerial and Business Economics

The purpose of the course is to introduce students to the economic environment in which businesses operate and provide an understanding of how economic principles are applied in management and business. Course content: The scope and nature of managerial and business Economics; Internal organization of firms; The firm and its Environment; Alternative Business objectives; Markets and industries; Demand estimation and forecasting; Production and costs; Linear Programming and production Structures; Pricing practices; Decision making under uncertainty; Capital budgeting; The economics of Human Resource Management; Business information; Forms of business organization; The role of government in the market economy.

Credit Hours - 3

Quantitative Methods & Operations Research

Introduction, Probability and Decision Making, Index Numbers, Time Series Analysis, Correlation and Regression Analysis, Forecasting, Network Analysis and Scheduling, Inventory Control, Simulation Analysis, Waiting Lines Analysis (Queuing Theory), Linear Programming- Simplex Method and Advanced Methods, Transportation and Assignment Problem.

Credit Hours - 3

Fundamentals of Business Planning & Policy

The nature and Importance of Business Policy and Planning; Policy and levels of planning (global, national, community and firm). The business Planning Process: Feasibility study, the route to market entry; and the business plan. Strategic planning: Choosing the strategy, implementing the strategy, evaluating the strategy.  Annual plans; action plans (the logical framework).  Contingency planning; Information systems for planning; Policy implementation.

Credit Hours - 3

Agribusiness Management

Overview of Managerial and Business Economics; Micro-economic Concepts and their Application to Business; Business Behaviour in Different Market Structures; Production and Costs; The Firm and Its Environment; Demand Estimation: Regression Analysis; Decision Making Under Uncertainty; Product Pricing; Types of agribusiness ownership, such as Sole Ownership, Partnership, Corporate Structure, etc. Managing the agricultural business, including strategic management, comparative advantage and competitive advantage, value-chain analysis. Business analysis and control – financial Statements, profit and loss statement, financial ratio analysis, and performance and activity analysis. Managerial Economics and Public Policy – how and why market regulation. Globalization – of markets and production; drivers of globalization. Economics of Human Resource Management. Case Studies.

Credit Hours - 3

Agrifood Business and Agroprocessing

Introduction: the agricultural modernisation goal and agro industrial development. The current situation of agro industry in Ghana.  A Systems Approach to Agro industrial Analysis: production chain linkages, macro-micro policy linkages, institutional linkages, international linkages. Alternative analytical methodologies: Porter’s value chain approach.  Options in Agri food Business Organisation: basic concepts in organisational development, integration, differentiation, the co-operative system, outgrower schemes.  Principles of Agro processing: the basic component activities of agro processing (Procurement, processing and marketing).  The governance structure: Food safety and environment issues, laws and institutions in Ghana. Case Studies: - The management marketing and financing strategies in the: Egg Production Business, Chicken meat processing business, Palm Oil Processing business, Fruit Processing business, Grain processing business.

Credit Hours - 3

Agricultural Marketing & Research

Overview (Definitions, importance of marketing and trade, the role of marketing in Ghana’s poverty reduction strategy); business, marketing and trade; problems in agricultural marketing and trade, the concept of market, market structure and trade (the static theory of perfect competition, the static theory of monopoly, the trade theory); marketing research (purpose, uses, procedure and applications in key agribusinesses in Ghana.); Group behaviour and pricing (Non-collusive oligopoly models, collusive oligopoly concepts); non-price competition (theory of product differentiation, useful tools of product differentiation, improving production quality and efficiency); Critical issues in international trade (the foreign exchange market, tariffs, balance of payments, economic integration); Welfare issues in agricultural marketing (social choice mechanisms, market failure and government intervention, pricing public goods and bads; the Ghana National Trade Policy and institutions).

Credit Hours - 3

Econometrics II (See Economics Department)

Credit Hours - 3

Econometrics I (See Economics Department)

Macroeconomic Theory II) (See Economics Department)

Credit Hours - 3

Microeconomic Theory II (See Economics Department)

Credit Hours - 3

Macroeconomic Theory I (See Economics Department)

Credit Hours - 3

Microeconomic Theory I (See Economics Department)

Credit Hours - 6

Research Project

Students are expected to choose a subject of scientific inquiry and follow all relevant protocols to investigate the problem. Guided by a lecturer supervisor, they will produce a report, which will be assessed on the basis of its scientific rigour, depth of analysis and flow of thought among other things. The course is run in both first and second semester.