Agricultural Economics (5th semester for the academic year 2021-22)
Agriculture’s contribution to economic development: Structural characteristics and structural adjustment of the farm sector in a changing economy. The special characteristics of demand and supply of farm products: production fluctuations, price volatility and the ‘farm problem’. Agricultural policy measures and their implications. The European Common Agricultural Policy (CAP): price support and structural measures; the major reforms since 1992. The CAP’s regional dimension: rural development and multifunctionality. Post 2013 period: the rising importance of ‘public goods’. The new international environment: food crisis and commodity speculation at the centre of developments.
Indicative Course Prerequisites: Microeconomic Theory Ι, Macroeconimic Theory Ι