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Cambridge IGCSE Agriculture

1.2Principles of agricultural economics

Principles of agricultural economics in Cambridge IGCSE Agriculture: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic81 practice questions4 lessons

Learning objectives

What the syllabus expects you to be able to do.

  1. 1.2(a)Describe organic production, hydroponics and GM crops and discuss the arguments for and against GM crops and organic production.
  2. 1.2(b)Explain supply and demand, diminishing returns, the opportunities and choices facing farmers and decision making based on economic factors.

Lessons

  • Farm choices, opportunity cost, demand, supply and price

    40 min

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  • Organic production, hydroponics and GM crops

    25 min

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  • Risk, uncertainty and making farm decisions

    35 min

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  • The law of diminishing returns in farming

    40 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Principles of agricultural economics: sample question

1 mark

What is the marginal product of an input?

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