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Fisheries Economics

Fisheries Economics

Teacher

Mr. Chandan Haldar

Category

Core Courses

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Course Name : Fisheries Economics

Code(Credit) : FSEE 2102 (2-1-0)

Course Objectives

  • To deliver a well-developed understanding of the economics, science, and fisheries policies associated with fisheries, as well as a broad foundation in environmental and resource economics.
  • To help students to understand the fish farmers respond to policies and economic opportunities.
  • To let them know about different agencies servicing fishery and their policies.
  • To acquaint the learner with introductory fisheries Economics, development of fisheries in India, use of yield increasing inputs, marketing, trade, and prices.

Learning Outcomes

  • Improved decision making about things like fisheries production methods, fisheries input levels, and resource conservation, etc.
  • Students should be able to communicate effectively, economic concepts, decision-making, and fisheries, and trade concepts.
  • Students should have the skills to fit into a business, agency, or academic environment and use economic concepts to quantify and analyze issues related to their employer’s issues.

Course Syllabus

  • Theory
    Introduction to fisheries economics, basic economic terminologies – micro and macroeconomics, positive and normative economics, environmental economics, resource, scarcity, farm-firm relationships, production Contribution of the fisheries sector to the economic development of the country. Micro-economics: theories of demand, supply; market – equilibrium price, consumption, utility, Consumer surplus. Elasticity – price, income, cross, application of elasticity in fisheries managerial decision. Farm production economics – production functions in capture and culture fisheries; Costs and returns –breakeven analysis of fish production system; concepts of externalities and social cost;factors of production, marginal cost and return, law of diminishing marginal return, returns toscale, economies of scale and scope, revenue, profit maximization, measurement of technological change, farm planning and budgeting. Significance or importance of marginal cost. Macro-economics: Introduction to national income, accounting, measurement and determinants of national income, contribution of fisheries to GNP and employment; balance of payments, economic growth and sustainable development. Globalization: dimensions and driving Forces. Introduction to GATT and WTO. WTO Framework – Key Subjects – Agreement on Sanitary and Phytosanitary Measures (SPS), Seafood Export Regulations; Non-Tariff Barriers (NTBs) and Agreement on Anti-Dumping Procedures. Fisheries Subsidies and WTO. Fisheries Trade and Environment; protests against globalisation and WTO. Intellectual Property Rights (IPR) and different forms. Patents and patenting process, Agreement on TRIPS. Bio-piracy. GMOs in fisheries. Salient features of Indian Patent (Amendment) Act 2005. Overview of Patents in Indian fisheries sector.
  • Practical
    Demand and supply functions of fish market – determination of equilibrium price for fish and fisheries products, calculation of price, income and cross elasticities. Production function – production with one or two variable inputs. Shifting demand and surplus curve and its importance in fish price. Economic analysis on cost, return and breakeven of any two production units like fish farm / shrimp farm / seed production unit /fish processing plant / export unit.
  • Reference Books
  • 1. Indian Fisheries and Aquaculture in a globalizing Economy ---- Malhotra & Sinha
    2. World fish farming cultivation and economics ---- E Evan Brown.

Session Plan

Session 1

Session 2

Session 3

Practical-Demand and supply functions of fish market – determination of equilibrium price for fish and fisheries products.

PPT2-Demand

Session 4

Production Contribution of fisheries sector to the economic development of the country.

PPT9 Production

Session 5

Session 6

Session 7

  • Practical-calculation of price, income, and cross elasticities.

Session 8

  • Farm production economics – production functions in capture and culture fisheries
  • PPT9 Production

Session 9

Session 10

Session 11

  • Practical-Production function – production with one or two variable inputs.

Session 12

Session 13

  • Economies of scale and scope, revenue, profit maximization

Session 14

  • Measurement of technological change, farm planning and budgeting.

Session 15

  • Significance or importance of marginal cost

Session 16

  • Practical-Shifting demand and surplus curve and its importance in fish price

Session 17

Session 18

Session 19

Session 20

  • Globalization: dimensions and driving Forces

Session 21

  • Practical-Economic analysis on cost, return, and breakeven of production units like fish farm. 

Session 22

Session 23

Session 24

  • Practical-Economic analysis on cost, return, and breakeven of production units like a fish processing plant.

Session 25

Session 26

Session 27

Case Studies

Case Studies

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        Mr. Chandan Haldar is working as Assistant Professor in the School of Fisheries, Centurion University of Technology and Management, Paralakhemundi Campus, Odisha. He has completed his M.F.Sc from ICAR-Central Institute of Fisheries Education, Mumbai, Maharashtra India and his Ph. D. thesis topic is “Identification of Growth Associated SNPs in Clarias magur (Hamilton, 1822) […]