Facts about Agricultural Economics (Definition ,History, Jobs Opportunities, O’ Level Subjects Combination, JAMB Subjects Combination, Institutions that offer Agricultural Economics …)
What is Agricultural Economics
Agricultural economics or agronomic s is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber—a discipline known as agronomic s. Agronomic s was a branch of economics that specifically dealt with land usage.
According to Wikipedia, Agricultural economics originally applied the principles of economics to the production of crops and livestock. However in modern times it covers many fields, all of which utilize the application of core concepts and principles of economics.
Who is an Agricultural Economist
An agricultural economist specializes in understanding the economic activity within agricultural markets. They research statistics and data pertaining to the agricultural industry and project possible patterns and trends within the economy.
Brief intro of Agricultural Economics
Agricultural economics began as a branch of economics that specifically dealt with land usage, it focused on maximizing the crop yield while maintaining a good soil ecosystem. Throughout the 20th century the discipline expanded and the current scope of the discipline is much broader. Agricultural economics today includes a variety of applied areas, having considerable overlap with conventional economics.
Agricultural economists have made substantial contributions to research in economics, econometrics, development economics, and environmental economics. Agricultural economics influences food policy, agricultural policy, and environmental policy.
Job opportunities available for an Agricultural Economist
Graduates of Agricultural Economics in Nigeria can work as follows;
Economists in Agricultural Research Institutes and Agro Allied Industries
Writer for Trade Journals, Magazines etc
Research Assistants, Economists etc