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.3 - Draw production curves showing the relationship between fixed inputs and variable inputs for given resources in Agricultural production.

Suggested placement

Semester 2, Week 13 (Week 33 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.

Source document note

The official curriculum document has a fault in this entry, so the curriculum text above is transcribed exactly as printed:

• exemplars - p.204: the document prints this assessment code as "3.5.1.AS.2", the same code it printed for the second assessment of this content standard on the same page. It sits beside 3.5.1.LI.3, so it is filed as 3.5.1.AS.3

Curriculum reference

NaCCA curriculum document, p. 204

Exemplars (from the NaCCA curriculum)

Inquiry-based learning: In mixed-ability groups, learners brainstorm to come up with the meaning of fixed input and variable input in Agricultural production.
Initiating talk learning: In the same groups, learners discuss the relationship between fixed input and variable input in Agricultural production.
Experiential learning (Homework): In mixed-gender groups, learners visit a farm to catalogue items and equipment with fixed and variable costs and then present a report on their findings.
Assessment (3.5.1.AS.3). 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