Agricultural economics is a field that applies economic principles to the production, distribution, and consumption of agricultural goods and services. It examines how resources such as land, labor, and capital are allocated within the agricultural sector to maximize efficiency and sustainability. The course explores topics like supply and demand, market structures, price determination, and the role of government policies in agriculture. It also covers issues related to rural development, food security, and international trade in agricultural commodities. Students learn about risk management, farm management strategies, and the economic impact of technological advancements in agriculture. The course integrates both theoretical and practical approaches, using case studies and real-world data to analyze trends and challenges in the agricultural industry.