Economics for Agriculture

Curriculum details

Strand

Agricultural Economics, Agribusiness and Communication (Strand 5)

Sub-strand

Economics for Agriculture (5.1)

Content standard

3.5.1.CS.1 - Demonstrate knowledge, understanding and skills of the factors of production, functional production and diminishing marginal returns. 3.5.1.LO.1 Use the knowledge acquired on the factors of production, functional production and diminishing marginal returns to understand the operation of Agricultural enterprises.

Indicator

3.5.1.LI.1 - Discuss the meaning and importance of the factors of production, functional production and marginal diminishing returns.

Suggested placement

Semester 2, Week 11 (Week 31 of the year)

Our suggestion, laid out in curriculum order across three terms of twelve weeks. NaCCA does not fix the week, so follow your school's scheme of learning.

Curriculum reference

NaCCA curriculum document, p. 204

Exemplars (from the NaCCA curriculum)

Inquiry-based learning: Learners in mixed-ability groups surf the internet for information on the meaning and importance of factors of functional production and marginal diminishing returns in Agricultural production.
Structuring talk for learning: Learners in mixed-ability groups research into how the factors of functional production and marginal diminishing returns affect crops and animal production and present their findings in a plenary session.
Assessment (3.5.1.AS.1). The document marks these depth-of-knowledge levels for this indicator: Level 3 Strategic reasoning.
Teaching and Learning Resources:
- Functional internet connectivity
- Video/pictures on factors of Agricultural production
- Notebook
- Pens
- Textbooks and journals on Agricultural economics
- Chart to build portfolio
- Computer
- Nearby or accessible farm
- Video/pictures on fixed and variable inputs
- Fertilizers
- Seeds
- Fuel