Courses
offered by the Board of Study
|
Course No
|
Course Title
|
Credits
|
|
First Semester
|
||
|
EC 5101
|
Microeconomic Theory I
|
2
|
|
EC 5102
|
Mathematical Economics
|
2
|
|
EC 5103
|
Mathematical Programming I
|
2
|
|
EC 5104
|
Agricultural Marketing I
|
2
|
|
EC 5105
|
History of Agricultural
Policies in Sri Lanka
|
2
|
|
EC 5106
|
Resource and Environmental Economics I
|
2
|
|
EC 5107
|
Project Analysis
|
2
|
|
EC 5108
|
Water Resource Economics I
|
2
|
|
EC 5109
|
Resource Management in Tropical Farming Systems
|
2
|
|
EC 5110
|
Introduction to Economics
|
2
|
|
EC 5111
|
Ecology, Conservation and Management of Natural Resources
|
2
|
|
EC 5151
|
Agricultural Marketing and Price Analysis
|
2
|
|
EC 5152
|
International Trade
|
2
|
|
EC 5153
|
Resource Planning and Management
|
2
|
|
EC 5154
|
Agricultural Finance
|
2
|
|
EC 5155
|
Field Visits
|
1
|
|
EC 5156
|
Livestock Economics and Marketing
|
2
|
|
EC 5197
|
Research Project (EE / NRM)
|
3
|
|
EC 5198
|
Directed Study
|
2
|
|
EC 5199
|
Seminar
|
1
|
|
EC 6101
|
Econometrics II
|
2
|
|
EC 6102
|
Macroeconomic Theory II
|
2
|
|
EC 6103
|
Dynamics of Resource Economics
|
2
|
|
EC 6104
|
Risk and Uncertainty in Agriculture
|
2
|
|
EC 6105
|
Environmental Valuation
|
3
|
|
EC 6106
|
Applied Economics
|
2
|
|
EC 6107
|
Quantitative Policy Analysis
|
2
|
|
PDEC 5101
|
Contemporary Issues in Development
|
2
|
|
PDEC 5102
|
Principles of Development Management
|
2
|
|
PDEC 5103
|
Techniques in Development Project Planning
|
2
|
|
Second Semester
|
||
|
EC 5201
|
Macroeconomic Theory I
|
2
|
|
EC 5202
|
Econometrics I
|
2
|
|
EC 5203
|
Development Economics
|
2
|
|
EC 5204
|
Applied Production Economics
|
2
|
|
EC 5205
|
Agricultural Marketing II
|
2
|
|
EC 5206
|
Global Trading System
|
1
|
|
EC 5207
|
Food and Nutrition Economics
|
2
|
|
EC 5208
|
Water Resource Economics II
|
2
|
|
EC 5209
|
Special Topics in Agricultural Economics
|
1
|
|
EC 5210
|
Managerial Resource Economics
|
2
|
|
EC 5211
|
Quantitative Methods
|
2
|
|
EC 5212
|
Seminar in Sustainable Development
|
2
|
|
EC 5213
|
Agricultural Policies in Developing Countries
|
2
|
|
EC 6201
|
Microeconomic Theory II
|
2
|
|
EC 6202
|
Mathematical Programming II
|
2
|
|
EC 6203
|
Resource and Environmental Economics II
|
2
|
|
PDEC 5201
|
Research Skills for Community Development
|
2
|
|
PDEC 5202
|
Agribusiness and Enterprise
Development
|
2
|
|
PDEC 5203
|
Poverty and Social Impact Analysis
|
2
|
List
of Courses for M.Sc. in Natural Resource Management
|
Course No
|
Course Title
|
Credits
|
Option
|
|
First year - First Semester
|
|||
|
EC 5109
|
Resource Management in Tropical Farming Systems
|
2
|
Compulsory
|
|
EC 5110
|
Introduction to Economics
|
2
|
Compulsory
|
|
EC 5111
|
Ecology, Conservation and Management of Natural
Resources
|
2
|
Compulsory
|
|
EC 5101
|
Microeconomic Theory I
|
2
|
Elective
|
|
EC 5102
|
Mathematical Economics
|
2
|
Elective
|
|
EC 5108
|
Water Resource Economics I
|
2
|
Elective
|
|
AE 5110
|
Watershed Management
|
2
|
Elective
|
|
AE 5156
|
Environment and Industry
|
3
|
Elective
|
|
CS 5111
|
Principles of Agro-forestry
|
2
|
Elective
|
|
CS 5115
|
Policy and Legislation Related to Forestry and
Environment
|
1
|
Elective
|
|
SS 5112
|
Soil-Plant-Water Systems
|
2
|
Elective
|
|
First year - Second Semester
|
|||
|
EC 5210
|
Managerial Resource Economics
|
2
|
Compulsory
|
|
EC 5211
|
Quantitative Methods
|
2
|
Compulsory
|
|
EC 5212
|
Seminar in Sustainable Development
|
2
|
Compulsory
|
|
EX 5208
|
Social Research Methodology
|
3
|
Elective
|
|
EX 5213
|
Social Impact Assessment
|
2
|
Compulsory
|
|
EC 5201
|
Macroeconomic Theory I
|
2
|
Elective
|
|
EC 5202
|
Econometrics I
|
2
|
Elective
|
|
EC 5208
|
Water Resource Economics II
|
2
|
Elective
|
|
EC 6203
|
Resource and Environmental Economics II
|
2
|
Elective
|
|
AE 5209
|
GIS for Natural Resources Management
|
2
|
Elective
|
|
EX 5211
|
Communication in Environmental Management
|
2
|
Elective
|
|
AS 5204
|
Aquatic Resources Management
|
2
|
Elective
|
|
AS 5222
|
Wildlife Ecology
|
3
|
Elective
|
|
Second Year-First Semester
|
|||
|
EC 5107
|
Project Analysis
|
2
|
Compulsory
|
|
EC 5153
|
Resource Planning and Management
|
2
|
Compulsory
|
|
EC 5197
|
Research project (EE/NRM)
|
3
|
Compulsory
|
|
EC 5155
|
Field Visits
|
1
|
Elective
|
|
EC 6105
|
Environmental Valuation
|
3
|
Elective
|
|
AE 5152
|
Environmental Impact Assessment
|
2
|
Elective
|
COURSE OFFERED
BY THE BOARD OF STUDY IN AGRICULTURAL
ECONOMICS:
COURSE CAPSULES
Courses Offered in the First Semester
EC 5101: Microeconomic Theory I (2)
Introduction. Theory of firm; technology, profit
maximization, cost minimization, duality.
Theory of consumer behavior; utility maximization, choice, demand,
duality. Theory of market structures;
competitive markets, imperfectly competitive markets.
EC 5102: Mathematical Economics (2)
Prerequisite: ST 5101
Differential calculus; applications in graphing,
maxima and minima, production, cost, revenue and profit functions. Exponents
and logarithms; present values, annuities. Linear algebra; first order and
second order conditions. Constrained and unconstrained optimization.
Homogeneous and homothetic functions. Economic applications of optimization
EC 5103: Mathematical Programming I (2)
Introduction to mathematical programming; Linear
programming (LP), Post-optimal analysis, Special types of LP problems,
Shortcomings of LP. Extensions of LP to MOTAD, integer, separable, and stochastic programming.
Nonlinear programming; Kuhn-Tucker conditions. Quadratic programming.
Introduction to game theory.
EC 5104: Agricultural Marketing I (2)
Introduction to the basic concepts and definitions of
agricultural marketing. Topics include market systems, grading of foods, price
discovery, marketing efficiency, marketing by farmer groups, market system
analysis and need for effective market system.
EC 5105: History of Agricultural Policies in Sri Lanka (2)
Review of post-independent agricultural policies in Sri Lanka.
Economic analysis of agricultural
policies. Impacts of agricultural policies on economic growth and
efficiency, farm income and poverty
alleviation. Comparative agricultural policy analysis.
EC 5106: Resource and Environmental Economics I (2)
Introduction to resource economics. Review of market
economic system. Introduction to welfare
economics. Market failures; property rights, externalities, public
goods. Common property resources.
Classification of natural resources. Economics of renewable resource
management; fisheries economics, forest
economics, water resource economics. Economics non-renewable resource
management.
EC 5107: Project Analysis (2)
A survey of the theoretical underpinnings of public
sector cost-benefit analysis. The project cycle. Valuation
of costs and benefits. Shadow pricing. Discounting. Measures of project
worth. Shortcomings of project analysis.
Extended cost-benefit analysis.
EC
5108: Water Resource Economics I (2)
Introduction to economics of water resource
allocation. Sectoral allocation of water. Economic principals of water resource
allocation in agriculture. Water demand and supply characteristics. Water
pricing; irrigation, industrial, and domestic sectors. Fundamental concepts of
integrated water resource management.
EC 5109: Resource Management in Tropical Farming
Systems (2)
Tropical environment and farming, Shifting cultivation
systems, Fallow systems, Permanent upland systems, Irrigation systems,
Perennial cropping systems, Farming systems research, Agroforestry systems, Ecological agriculture.
EC 5110: Introduction to Economics (2)
Economics as a social science. Nature and scope of
economics. Economic elements and structures.
Introduction to human behavior. Classical vs neoclassical schools of
thought. Micro vs Macroeconomics.
Introduction to environmental economics. Basic concepts of supply and
demand and price mechanism. Competitive
markets and economic efficiency.
EC 5111: Ecology, Conservation and Management of
Natural Resources (2)
Introduction. Energy flows in ecosystems. Nutrient
cycles. Population ecology. Ecology and
evolution. Human ecology. Ecology and conservation. Eco-ethics.
Economics of conservation.
EC 5151: Agricultural Marketing and Price Analysis (2)
Introduction to price theory and agricultural price
analysis. Modeling demand response, supply response in agriculture, temporal
price behavior, derived demand, marketing margin, harmonic analysis, excess
supply excess demand concepts, price
discrimination.
EC 5152: International Trade (2)
International trade theory; absolute advantage,
comparative advantage, Heckscher-Ohlin theory.International trade policy;
tariffs and non-tariff barriers, economic integration. Balance of payment and exchange rates. Open economy
macroeconomics. International monetary system.
EC 5153: Resource Planning and Management (2)
Introduction to planning theory. Planning process.
Regional approaches to resource planning. Natural and physical analysis.
Socio-economic analysis. Carrying capacity. Vulnerability and susceptibility.
Watershed management. Rapid rural appraisal. Application of agro-ecosystem
analysis. Environment impact assessment. Cost - benefit analysis in resources
planning and management.
EC 5154: Agricultural Finance (2)
This course provides a fundamental knowledge of
economic and management principles and analytical procedures that facilitate in
obtaining control over capital use and its efficiency. This covers the topics,
principals of agricultural finance, principles of financial management of the farm
business, financial markets and agricultural credit institutions.
EC 5155: Field Visits (1)
Visits to development projects and sites of academic
interest on environmental and natural
resources.
EC 5156: Livestock Economics and Marketing (2)
Introduction to livestock
economics, Theory of factor-product, factor-factor, product-product, Theory of
demand, theory of markets, Government policies in livestock industry,
Vertical horizontal interaction in
livestock industry, Farm records, Farm planning and budgeting, Linear
programming with examples in livestock industry. Cost-benefit analysis of egg production,
marketing of eggs, broilers, meat and meat products, milk and milk products,
fish and fish products.
EC 5197: Research Project (EE/NRM) (3)
Students will be assigned to work on an on-going
development project or to develop an
environmental project under the supervision of an instructor. Based on
the findings and/or work experience, students will be required to submit a
written report and make a seminar presentation.
EC 5198: Directed Study (2)
Empirical project on a topic in the student s primary
area of interest.
EC 5199: Seminar (1)
Presentation of research results by students.
EC 6101: Econometrics II (2)
Violation of assumptions. Special topics in
econometrics; limited dependent variable models such as linear probability, probit, logit and
tobit models, time series, and forecasting, simultaneous equation models,
seemingly unrelated models and their applications. Co-integration analysis.
EC 6102: Macroeconomic Theory II (2)
International economics; exchange rates, capital
flows. Business cycle theory. Growth theories; Solow model, infinite horizons
and overlapping generations models, new growth theory. Selected advanced
topics.
EC 6103: Dynamics of Resource Economics (2)
Differential equations. Calculus of variation. Optimal
control theory. Dynamic programming. Applications to natural resource
management. Optimal harvesting of renewable resources; forests, fisheries,
water. Optimal extraction of non - renewable resources.
EC 6104: Risk and Uncertainty in Agriculture (2)
Decision making under risk and uncertainty. Expected
utility theory and stochastic dominance. Applications including output
response, input adjustments, and diversification. Insurance markets. Information asymmetry; moral hazard and
adverse selection.
EC 6105: Environmental Valuation (3)
Economic values, benefits/costs and human welfare.
Valuation using market prices; productivity change method, replacement cost
method, human capital approach, cost of illness approach, defensive expenditure method, and opportunity
cost approach. Surrogate market approaches;
property value models, hedonic wage models, travel cost models. Stated
preference methods; contingent valuation
and choice experiments. Benefit transfer method.
EC 6106: Applied Economics (2)
A course on application of economic principles. This
course offers the applied micro and macro
analysis which are not covered in the other courses. Part of the course
will be conducted in the seminar format covering the current topics.
EC
6107: Quantitative Policy Analysis (2)
Rationale for government interventions and the role of
quantitative policy analysis. Demand analysis; estimation and simulation of
demand systems. Profit function approach to supply and factor demand;
estimation and simulation of cost and profit systems. Supply response; expectations formation and partial
adjustment. Price distortions; indicators, partial equilibrium
analysis and general equilibrium analysis.
PDEC
5101: Contemporary Issues in Development (2)
Concepts in Development and
underdevelopment, Development programming, Development issues (with a special
emphasis on rural communities); Culture, Gender, Capacity building and
empowerment, Politics, Corruption and governance, Participation and
accountability, Social mobility and migration, Natural disasters and conflicts
PDEC 5102: Principles of
Development Management (2)
Economic fundamentals, Institutional
economics, Development theories, Role of agriculture in economic development,
Development planning, Development administration, Management for development
PDEC 5103: Techniques in
Development Project Planning (2)
Fundamentals for development projects,
Project planning stages, Project
planning tools, Evaluation and monitoring tools, Issues in development project
planning, Case studies in rural development, Results based monitoring and
evaluation
Courses Offered in the Second Semester
EC
5201: Macroeconomic Theory I (2)
Measurements of macro economic performances. Analysis
of determination of income,
employment, interest rates and inflation. Monetary and fiscal policy.
Classical and Keynesian approach to macroeconomic policy.
EC 5202: Econometrics I (2)
Review of probability and statistical theory.
Regression analysis; concept, assumptions and estimation. Interval estimation
and hypothesis testing. Functional forms; elasticity and economic applications.
Dummy variables; applications and interpretation.
`
EC 5203: Development Economics (2)
Concepts and approaches to economic development and
human welfare, including theories of growth, structural change, income
distribution and dual economy models. Role of agriculture in economic
development. Role of government in developing countries. Planning and
development.
EC 5204: Applied Production Economics (2)
Special topics in production economics. Estimation of
production, cost, supply and profit
functions using flexible function
forms. Frontier production functions; stochastic frontier functions and data envelopment
analysis.
EC 5205: Agricultural Marketing II (2)
Advanced topics in agricultural marketing. Risk and
uncertainty in marketing. Role of
commodity futures. Hedging strategies.
Advertising effectiveness. Market segmentation. Marketing research. Smoothing,
decomposition of pricing data.
EC 5206: Global Trading System (1)
Topics include global and regional trade agreements,
WTO, SAPTA, SAFTA. Bi-lateral trade agreements in South
Asia. Quantitative and qualitative analysis of the impacts of
agreements.
EC 5207: Food and Nutrition Economics (2)
Basic economic concepts and role of income and prices
in determining nutritional status. Household income analysis. Intra-household
Issues. Farm household behavior and price policy. Markets; functions and failures. Consumer
price interventions and income interventions.os2.odt Macroeconomic policies and
structural adjustment.
EC 5208: Water Resource Economics II (2)
Surface and ground water development and challenges.
Decisions support system for water pricing and management. Frontiers in water
resource economic research.
EC 5209: Special Topics in Agricultural Economics (1)
This course is conducted in seminar format. Current
topics relevant to agricultural sector in Sri Lanka, which are not covered in
other courses, will be the focus of this course.
EC 5210: Managerial Resource Economics (2)
Introduction; review of free market economic system.
Market failures. Property rights. Common
property resource management. Population and environment. Definitions
and classification of natural resources.
Economics of non-renewable resource management. Economics of renewable resource
management. Land and water resource economics. Economics of pollution control.
EC 5211: Quantitative Methods (2)
Computer literacy. Linear and multiple regression,
applications to natural resource management.Mathematical programming,
applications to natural resource management.
EC 5212: Seminar in Sustainable Development (2)
Sustainable development; definitions, evolution of the
concept, ecology and economics, eco-ethics,
strong and weak sustainability criteria. Population and sustainable
development. Development financing
agencies and sustainability. Sustainable development in Sri Lanka.
EC 5213: Agricultural Policies in Developing Countries
(2)
Rationales
for government intervention; Criteria
for policy evaluation: economic,
social and political; Quantitative
policy analysis; Irrigation and land settlement policies in the developing world; Price polices; Interventions in
marketing; Trade polices; Food and nutrition policies; Environmental policies.
EC 6201: Microeconomic Theory II (2)
General equilibrium analysis. Economic efficiency in
general equilibrium context. Welfare
measurements. First and second theorem of welfare. Special topics; labor
leisure choices, risk and uncertainty,
information economics, asset markets.
EC 6202: Mathematical Programming II (2)
Extensions of linear programming, game theory, Markoy
chains, inventory control and
simulation to agricultural planning and
management. Non linear programming techniques.
EC 6203: Resource and Environmental Economics II (2)
Advanced analysis on externalities. Overview of
environmental policies. Quantity control and price controls. Command and
control methods. Pigouvian taxes and charges. Subsidies. Tradable permits. Liability rules; non-compliance fees, bond,
and deposit refunds. Criteria for policy selection. General equilibrium effects and double
dividend.
PDEC 5201: Research Skills in
Community Development (2)
Role of data and analysis in
development, Development problem identification, Research planning, Data
issues, Enumeration and survey techniques, Standard qualitative and
quantitative techniques.
PDEC 5202: Agribusiness and Enterprise Development
(2)
Role of business in community
development, Phases in business development, Marketing environment, Business
and growth linkages, Institutional issues in local enterprise development,
Opportunities and constraints for business development, Rural entrepreneurship,
Case studies and development of a local toolkit
PDEC 5203: Poverty and Social
Impact Analysis (2)
Definition and classification of
poverty, Poverty measurement (monetary approach and non-monetary approach),
Poverty concerns in development planning
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