M.Sc. (Agri-Business Management) Courses:

Course Title: PRINCIPLES OF AGRIBUSINESS MANAGEMENT
Course Code: ABM-701
Course Credit Hours: 3(3+0)
Prerequisites: None

Basic concepts of agribusiness, Agribusiness in perspective, Managing the agribusiness, Elements of agribusiness management (planning, organizing, leading and controlling), The agribusiness system, The organization of agribusiness, Agribusiness challenges, Business decision making, Legal structure of business organizations, Cooperatives in agribusiness, Use of economic principles in agribusiness organization, Tools for management decisions in agribusiness, Principles of capital budgeting and its application to agribusiness, Production techniques and cropping system in Pakistan, Production optimization, Agricultural marketing system, Tools for marketing decisions in agribusiness, Processing and exports of agricultural commodities, Managing human resources in agribusiness. Case studies of agribusiness firms in Pakistan.

Suggested Readings

  1. Akridge, J. T., F. L. Barnard, F. J. Dooley and J. C. Foltz. 2011. Agribusiness Management, 4th Edition. Routledge Publishers, UK.
  2. Beierlein, J. G., K. C. Schneeberger and D. D. Osburn. 2007. Principles of Agribusiness Management, 4th Edition. Waveland Pr Inc, USA.
  3. Cramer, G. L. and C. W. 1994. Agricultural Economics and Agribusiness. John Wiley and Sons, New York, USA.

Course Title: MARKETING OF AGRICULTURAL PRODUCTS
Course Code: ABM-703
Course Credit Hours: 3(3+0)
Prerequisites: None

Historical benchmark in agricultural marketing, Approaches to study of agricultural marketing, Food marketing management, Structure of Pakistan’s agriculture, Food manufacturing in Pakistan, Law of markets areas, Principal trends in food wholesaling and retailing, International agricultural trade, Pakistan’s food exports and imports, Various form of competition in food markets, Agri. marketing costs, Decentralization of food markets, Cooperative agricultural marketing, Role of market information, Standardization in food industry, Marketing function, Transportation, Storage and risk management, Commodity marketing (livestock and meat marketing, Milk and dairy product marketing, Poultry and egg marketing, Cotton and textile marketing, Fruit and vegetable marketing).

Suggested Readings

  1. Kohl, R. L. and J. N. Uhl. 2005. Marketing of Agricultural Products, 9th Edition. Prentice Hall of India Private Limited. New Delhi. India
  2. Malcolm, B. and J. Makehame. 2006. Farming Game: Agricultural Management and Marketing. Cambridge University Press. UK.
  3. Norwood, F. B. and J. L. Lusk. 2007. Agricultural Marketing and Price Analysis. Prentice Hall Publishers. India.
  4. Rhodes, V. J. and J. L. Dauve. 1998. The Agricultural Marketing System, 5th Edition. Arizona Holcomb Hathway Publishers. USA.
  5. Vercammen, J. 2011. Agricultural Marketing: Structural Models for Price Analysis, 1st Edition. Routledge Publishers, UK.

Course Title: MANAGERIAL ECONOMICS
Course Code: ABM-705
Course Credit Hours: 3(3+0)
Prerequisites: None

Managerial accounting, perspective, cost terms, concepts and classification, responsibility accounting and cost allocation concepts, responsibility accounting centers and performance reports, cost flows and accumulation, the basic cost flow model, cost accumulation, merchandising, manufacturing and services organization, costing systems, job order-costing systems, process costing system, hybrid product costing system, cost management systems, cost behavior and estimation, cost behavior patterns, cost estimation methods and account analysis, cost–volume–profit (CVP) analysis, the breakeven point, CVP analysis, CVP with multiple products, cost structure and leverage analysis, standard costing systems, standard costs and control, setting cost standards, overhead application in a standard costing system, differential cost analysis, differential costs versus variable costs, differential costs versus total costs, cost analysis for pricing, variable costing, variable costing versus full absorption costing, appropriateness of variable costing and full absorption costing methods, flexible budgeting.

Suggested Readings

  1. Garrison, R. 2006. Managerial Accounting. 9th Edition. Richard D. Irwin, Inc. Illinois, USA.
  2. Horngreen, C. 2007. Cost Accounting: A. Material Emphasis. 13th Edition. Prentice Hall Inc. Englewood Cliffs, N. Y. USA.
  3. Wald, J. 2008. Biggs Cost and Management Accounts (Vol. I and II). 14th Edition. Macdonald and Evans Limited, Eastover, Plymouth, UK.\

Course Title: SUPPLY CHAIN MANAGEMENT
Course Code: ABM-704
Course Credit Hours: 3(3+0)
Prerequisites: None

Supply chain management, New directions in Supply Chain Management, Formulating supply chain strategy, Agile supply chain operating environment, Developing supply chain relationships, Role of distribution in in the supply chain, Demand flow leadership, Information technologies for supply chain management, Outsourcing, Risk in the supply chain, Delivering sustainability through supply chain management, Planning and managing economies of scale in supply chain, Strategic Decisions and Business Relationships in a Supply Chain, Business process analysis, The manufacturing requirement planning II / Enterprise Resource Planning concept: Business processes and methods, Material and information flow, Just-in-Time Concept, Time management and scheduling, Cost estimating, Job order costing, Activity based costing, Intermodal transportation, Warehouse, Value chain, Performance measurement and management in the supply chain, Road transport optimization, Retail logistics, Global sourcing and supply, Supply chain metrics, Planning and forecasting, Procurement, Manufacturing, Transportation, Globalization, customer service, Collaboration, Security and workforce management, Green supply chains, Business Processes and methods, Material and information flow, Coordination in a supply chain, Contemporary case studies.

Suggested Readings

  1. Blanchard, D. 2010. Supply Chain Management: Best Practicies, 2nd Edition. John Wiley and Sons, Ltd. UK.
  2. Chopra, S. and P. Meindl. 2009. Strategy, Planning and Operation, 4th Edition. Pearson Education, USA.
  3. Supply Chain Logistics Management, 3rd Edition, McGraw Hill Higher education, USA.
  4. Donald, W. 2010. 6th Edition. Kogan Page Ltd. UK.

Course Title: RESEARCH METHODS IN BUSINESS
Course Code: ABM-706
Course Credit Hours: 3(3+0)
Prerequisites: None

Research design formulation, Qualitative and survey research methods, Sampling, Issues of precision and confidence in determining sample size, Data processing data, Data measurement and analysis, univariate, Bivariate and multivariate data analysis and hypothesis testing, regression analysis, Dummy dependent variable model, Linear probability model, Logit model, Probit model, Tobit model and their applications in the analysis of business data, Approaches to time series analysis and forecasting, Methods of forecasting and their reliability, Commonly used technologies in business research, Some software packages useful for data analysis, Designing of a research proposal, Individual research project formulation.

Suggested Readings

  1. Bryman, A. and D. Cramer. 2009. Quantitiative Data Analysis with SPSS 14, 15, and 16. Routledge Publisher, London, UK.
  2. Dewhurst, F. 2002. Quantitative Methods for Business and Management. McGraw Hill, USA.
  3. Sekaram, U. 2010. Research Methods for Business: A skill building approach. Wiley, Publisher, USA.
  4. Zikmund, W., B. Babin., J. Carr and M. Griffin. 2008. Business Research Methods. 8th Eduction. Cengage Publisher, USA.

M.Sc. (Economics) Courses:



Course Title: Microeconomics
Course Code: AGEC-701
Course Credit Hours: 3(3+0)
Prerequisites: None

Economic activity and economic theory; Organization of an economic system; Theory of consumer behavior; Different approaches of consumer choice and demand. The theory of firm, production, cost and profit functions. Optimization. Firm and industry supply analysis; determination of price and output under different market conditions; Models of perfect and imperfect competition; Introduction to game theory; demand and supply for factors of production; Pareto optimality and choice under risk; Optimum distribution of resources/outputs; externalities and public goods.

Text Books

  1. Nicholson, W. (2009). Microeconomic Theory, Basic Principles and Extensions 10th Edition, London: Dryden Press.
  2. Varian H. R.(2008). Microeconomic Analysis. 6th Edition) New York: W.W. Norton Company.

Suggested Readings

  1. Silberberg, E. (2001). The Structure of Economics: A Mathematical Analysis. New York: McGraw-Hill Book Company.
  2. Henderson, J. M. &Quandt, R. E. (1980). Microeconomic Theory: A Mathematical Approach. 3rd Edition. McGraw-Hill Book Company.

Course Title: Mathematics for Economists
Course Code: AGEC-703
Course Credit Hours: 3(3+0)
Prerequisites: None

Differential Equations Linear differential equations: with constant coefficient & constant term, with variable coefficient and variable terms, qualitative approach: concept of phase diagrams, types of time paths and the dynamic stability of equilibrium, exact differential equations: solution and verification, non-linear differential equations of the first order and first degree, Bernoulli equation, separable variables, economic application: dynamics of market models, Solow growth model.

Solution and verification of second order linear differential equations with constant coefficients and constant terms, real and imaginary roots, distinct, repeated roots and complex roots, dynamic stability of equilibrium, economic applications: market models with price expectations, the interaction of inflation and unemployment in continuous time, higher order differential equations, convergence and the Routh theorem, solution of simultaneous difference equations.

Text Books

  1. Chiang, A. C., & Wainwright, K. (2004). Fundamental Methods of Mathematical Economics, 4th Edition. New York: McGraw-Hill, Irwin.
  2. Varian H. R.(2008). Microeconomic Analysis. 6th Edition) New York: W.W. Norton Company.

Suggested Readings

  1. Dowling, E. T. (1981). Mathematics for Economics: Schaum Series.
  2. Gandalfo, G. (1980). Economic Dynamics: Methods and Models. Latest Edition North Holland Publishing Company
  3. Weber, E. J. (2011). Mathematical Analysis, Business and Economic Application (latest edition), Netherlands: Harper and Row Publishers
  4. Siberberg, E. & Suen, W. (2001). The Structure of Economics: A Mathematical Analysis (3rd Edition). McGraw Hill Publishing Company.
  5. Sydsaeter, K. & Hammond, P. (2008). Essential mathematics for Economic Analysis. 3rd Edition. Prentice Hall Publisher.

Course Title: Environmental & Resource Economics
Course Code: AGEC-705
Course Credit Hours: 3(3+0)
Prerequisites: None

Economics and the environment, a framework for environmental analysis, environmental microeconomics and macroeconomics, a brief history and future of economic growth and the environment, common property, open access, and property rights, the environment as a public good, the global commons, allocation of non-renewable resources, hotelling’s rule and time discounting, greening the national income accounts, environmentally-adjusted net domestic product, agriculture’s impact on the environment, sustainable agriculture for the future, the supply of non-renewable resources, economic theory of non-renewable resource use, principles of renewable resource management, the economics of pollution control, policies for pollution control, the green economy: introduction, the relationship between economy and environment, does protecting the environment harm the economy? creating a green economy, environmental impacts of trade, trade and environment: policy and practice, trade agreements and the environment, strategies for sustainable trade, the concept of sustainable development, the economics of sustainable development.

Text Books

  1. Harris, J.M., & Roach, B. (2006). Environmental and Natural Resource Economics: Contemporary Approach; 2nd edition. Boston: Houghton Mifflin Company.
  2. Kahn, J.R. (1998). Economic Approach to Environment and Natural Resources. 2nd Edition. Fort Worth: Dryden Press.

Suggested Readings

  1. Common, M. (2006). Environmental and Resource Economics, An Introduction. Addision Wesley Longman Ltd.
  2. Bergstorm, J.C. & Randall, A. (2010). Resource Economics- An Economic Approach to Natural Resources and Environmental Policy. Edward Elger Publishing. New York.
  3. Titenberg, T. & Lewis, L. (2013). Environmental and Natural Resource Economics. Pearson New International Edition.

Course Title: Research Methods in Social Sciences
Course Code: AGEC-701
Course Credit Hours: 3(3+0)
Prerequisites: None

The research process, Identification of research problem, Formulation and testing of hypotheses. statistical methods, Sampling Techniques; probabilistic and non-probabilistic, research design process, measurement of variables, questionnaire development, data collection and sources of data, types of surveys, development of research proposal, data processing and analysis, interpretation of results and report writing.

Text Books

  1. Ferber, R. &Verdoorn P.G., (1962). Research Methods in Economics and Business, (Latest Edition).
  2. Nachmias, C. F. &Nachmias, D. (2007). Research Methods in the Social Sciences. 7th Edition, London: Worth Publisher.

Suggested Readings

  1. Ethridge, D. E. (2004). Research Methodology in Applied Economics, 2nd Edition, Wiley-Blackwell Publisher.
  2. Sekaran, U. (1992). Research Methods for Business. New York: John Wiley & Sons, Inc.
  3. Khan, M. A. Research Methodology for Business and Social Problems (Latest Edition).

Course Title: Macroeconomics
Course Code: AGEC-702
Course Credit Hours: 3(3+0)
Prerequisites: None

Macro-economic foundation; Major macroeconomic puzzles; Aggregate demand and supply analysis (In terms of monetary and real sectors; as well as wages, prices and employment); The interplay of monetary and fiscal policies in stabilizing the economy; IS-LM model of macroeconomic analysis; Consumption, saving, investment and theory of income determination. Level of investment, interest and money. Demand for money. Money and credit, stabilization policy. Macroeconomic dynamics. Inflation, unemployment, budget deficit and public debt. International adjustment and interdependence. Business cycle.

Text Books

  1. Dornbush, R. & Fischer, S. (2010). Macroeconomics, Tenth Edition, McGraw Hill, New York, USA.
  2. Romer, D. (2006). Advanced Macroeconomics. 3rd Edition, New York/London: McGraw Hill.

Suggested Readings

  1. Branson, W.J. &Litvack, J.M. (1988). Macroeconomics, New York/USA: Harper and Row Publisher.
  2. Gorden. R.J. (1990). Macroeconomics, Scott, Fores man/Little, Brown Higher Education, London.
  3. Froyen, R. T. (2008). Macroeconomics, 8th Edition Pearson education inc.

Course Title: Econometrics
Course Code: AGEC-704
Course Credit Hours: 3(3+0)
Prerequisites: None

The nature of simple and multiple regression analysis; Violation of basic assumptions, Single equation regression models and their applications in economics. Problems of estimation and hypotheses testing, Regression of dummy variables; limited dependent variables; Multicollinearity, Heteroscedasticity, Autocorrelation and model specification problems; Distributed and autoregressive lag models, finite and infinite distribution lags. Adaptive expectations, partial adjustment and rational expectations models; Simultaneous equation models; Identification problems; Indirect least squares, 2SLS, 3SLS and seemingly unrelated regression models; Qualitative response models, Panel data, Time series analysis.

Text Books

  1. Green, W.H. (2007). Econometric Analysis, 6th Edition, Prentice Hall Publishers.
  2. Maddala, G.S., &Lahirir, K. (2009). Introduction to Econometrics. 4th Edition. John Wiley and Sons, Ltd.
  3. Griffiths, W.E. Hill, R.C. & Judge, G.G. (1993). Learning and Practicing Econometrics, New York: J. Wiley and Sons.

Suggested Readings

  1. Ramanathan, R. (1992). Introductory Econometrics with Applications. The Dryden Press, New York.
  2. Pindyek, R.S. &Rubinfield, D.L. (1997). Econometrics Models and Economic Forecasts, New York: McGraw-Hill.
  3. Studenmund, A. H. (2005). Using Econometrics: A practical guide. 5th Edition. Addison Wesley.
  4. Gujrati. D. N. (2009). Basic Econometrics. 5th Edition. McGraw Hill Book Company.

Course Title: Agricultural Development
Course Code: AGEC-706
Course Credit Hours: 3(3+0)
Prerequisites: None

Inter-sectoral linkages of Agriculture, Agricultural development in historical perspective; Nature of traditional agriculture; Green revolution; Rational peasants; Determinants of urban rural disparity; Models of agricultural growth; Role of technology in agricultural growth; Interdependence between agricultural growth and economic growth; Growth, inequality and poverty; Models for the analysis of food security and sustainable agriculture; Agricultural development issues in Pakistan; Foreign aid and food aid. Value chain for Agricultural Development.

Text Books

  1. Ghatak, S., &Ingersen, S. (1984). Agriculture and Economic Development. Harvester Press.

Suggested Readings

  1. Hayami, Y. &Ruttan, W. W. (1985). Agricultural Development: An International Perspective. Johns Hopkins University Press.
  2. Todaro, M. P. & S.C. Smith. (2012). Economic Development. 11th Edition. Singapore: Pearson Education.
  3. World Development Report, (2008). Agriculture for Development. The World Bank, Washington D.C.
  4. Eicher, G.K. and Staatz, J.M. (1990). Agricultural Development in the Third World. Baltimore, USA: The Johns Hopkins University Press.
  5. Dil, A. (2000). Hunger, Poverty and Development. Froze Sons, Lahore, Pakistan.
  6. Meier, G.M. (1997). Leading issues in Economic Development, New York: Oxford University Press.

Course Title: Pakistan Economy
Course Code: AGEC-708
Course Credit Hours: 3(3+0)
Prerequisites: None

Identification of major economic issues; development pattern, policy and emergence of economic issues, poverty, unemployment and inflation etc. neglect of human development; financial allocation, strategies and priorities. Financial restructuring in Pakistan: financial reforms, Autonomy of central bank, privatization of financial institutions. Resource mobilization and public debt, text structure: direct and indirect excess. Deficits and inflation crises. Public debt sustainability, fiscal responsibility law. Fiscal relations after devolution plan. Neglect of institutions development and its impacts: state, market and civil institutions. Balance of payment, deficit, trade stability, foreign trade and development. Resilience of Pakistan’s external sector, remittances inflow and its impact, export competitiveness and diversification. Recent trends in international trade. Major sources of economics growth in Pakistan, Research and development poverty and income distribution. Governance issue, politics and economic development. Unemployment and under employment. Current economic policies and economic development.

Text Books

  1. Zaidi, S. A. Issues in Pakistan’s Economy, (Latest eds.).
  2. Aslam C. M. &Hameed, A. (1999), Human Resource Development and Management in Pakistan. Lahore: Feroz Sons Publisher.
  3. Aslam C. M. &Eatzaz A. (2004), Globalization: WTO and Economic Reforms in Pakistan, Feroz Sons, Lahore Pakistan
  4. Hussain, I. (1999), Pakistan: Economy of an Elitist State
  5. State Bank of Pakistan Annual and Quarterly Reports
  6. Ministry of Finance (Government of Pakistan) Economic Survey
  7. Troubled Times in the Age of Extremes published by Sustainable Development Policy Institute, Islamabad. 2006
  8. 50 Years of Pakistan Economy, State Bank of Pakistan 2006
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