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AEM716

Agricultural Marketing And Cooperatives

This course provides a comprehensive understanding of agricultural marketing and cooperatives, exploring their significant contributions to the agricultural sector. It examines the evolution, nature, and scope of cooperative societies in Nigeria, emphasizing their relevance to rural and agricultural development. The course covers key marketing concepts, demand and supply theories, price mechanisms, and commodity marketing systems. It also addresses the challenges and limitations of cooperative enterprises in the Nigerian context.

About this course

Difficulty
Intermediate
Study hours
78 hours
Maths
Basic
Content
Theoretical, case study
Practical work
No
How it is assessed
  • Tutor Marked Assignments
  • End of Course Examination

What you'll read

The real module and unit structure of AEM716, taken from the course material NOUN publishes.

One paragraph, so you can see how it reads

AEM716 · UNIT 1 AGRICULTURAL MARKETING CONCEPT

The aim of this course is to provide an understanding of agricultural marketing and cooperatives as well as their contributions to the agricultural sector. It also aims at examining the evolution, nature and scope of cooperative societies in Nigeria and their relevance to rural and agricultural development.

What you should be able to do

  1. Understand the relevance of marketing to the agricultural and food sectors.
  2. Explain the meaning of the marketing concept.
  3. Discuss the functions of marketing.
  4. Describe the nature and scope of agricultural cooperatives in Nigeria.
  5. Analyze the factors affecting demand and supply of agricultural commodities.

What it prepares you for

Careers
  • Agricultural Marketing Manager
  • Cooperative Manager
  • Commodity Trader
  • Agricultural Economist
  • Rural Development Officer
Where it is applied
  • Agriculture
  • Food Processing
  • Retail
  • Government Agencies
  • Cooperatives

Where it gets hard

The units students slow down on, and what makes each one heavy.

  • Module 2: The Theory of Demand and Supply in Agricultural Marketing

    Unit 1: The laws of demand and supply

    Understanding the concept of elasticity requires a strong grasp of economic principles and the ability to analyze market dynamics.

  • Module 2: The Theory of Demand and Supply in Agricultural Marketing

    Unit 2: Breakeven Analysis

    Applying breakeven analysis involves mathematical calculations and understanding the relationship between fixed costs, variable costs, and selling price.

A suggested way through it

Suggested

13 weeks, about 48 hours in total. Yours will differ.

  1. Week 1Module 1: Concepts in Agricultural Marketing
    • Unit 1: Agricultural Marketing Concept · 3 hours

      Define agricultural marketing and its evolution as a discipline.. Identify and explain the key marketing concepts: customers, needs, value, exchange, and markets.. Discuss the importance of customer orientation in agricultural marketing..

    • Unit 2: Marketing Sub-Systems · 3 hours

      Describe the four main sub-systems of marketing: production, distribution, consumption, and regulatory.. Explain the exchange, physical, and facilitating functions in marketing.. Analyze the interrelationships between marketing functions..

  2. Week 2Module 2: The Theory of Demand and Supply in Agricultural Marketing
    • Unit 1: The laws of demand and supply · 3 hours

      Explain the laws of demand and supply and their impact on price determination.. Discuss the factors influencing demand and supply elasticity.. Analyze the effects of substitute and complementary products on demand..

  3. Week 3Module 2: The Theory of Demand and Supply in Agricultural Marketing
    • Unit 2: Breakeven Analysis · 3 hours

      Apply breakeven analysis to determine the point of profitability.. Calculate the breakeven point using fixed costs, price, and variable costs.. Evaluate the impact of different selling prices on breakeven points and profits..

  4. Week 4Module 3: Price Mechanisms in Food and Agricultural Commodities
    • Unit 1: Elements of Pricing · 3 hours

      Discuss the elements of pricing and their impact on a company's income.. Relate pricing strategies to the product life cycle.. Explain the concept of lifetime pricing and its importance in buyer-seller relationships..

  5. Week 5Module 3: Price Mechanisms in Food and Agricultural Commodities
    • Unit 2: Pricing Decisions · 3 hours

      Understand the process of making pricing decisions.. Explain the various objectives that organizations seek to achieve through their pricing decisions: profitability, volume, competitive, prestige, and strategic.. Analyze how pricing decisions affect a business firm's profit level..

  6. Week 6Module 4: Commodity Marketing Systems
    • Unit 1: Concept of Commodity Marketing · 3 hours

      Define commodity marketing and its importance in the rural economy.. Discuss the elements of commodity marketing.. Describe the marketing systems for grains, livestock, poultry, and fresh milk..

  7. Week 7Module 4: Commodity Marketing Systems
    • Unit 2: Elements of Commodity Marketing · 3 hours

      Understand the stages in a commodity marketing system.. Discuss the linkages between the different stages in a commodity marketing system.. Analyze the role of government in commodity marketing..

  8. Week 8Module 5: Cooperatives in the Agricultural Sector
    • Unit 1: The Nature of Cooperative Enterprises · 3 hours

      Understand the evolution and principles of cooperative enterprises.. Discuss the structure and organization of cooperative enterprises.. Explain the control and management of primary and secondary cooperatives..

  9. Week 9Module 5: Cooperatives in the Agricultural Sector
    • Unit 2: Limitations of Cooperative Enterprises · 3 hours

      Understand the limitations of cooperative enterprises.. Discuss the challenges that undermine the development and performance of cooperatives.. Analyze the constraints faced by cooperatives in fostering development in low-income countries..

  10. Week 10Module 1: Concepts in Agricultural Marketing
    • Review: Module 1 · 4 hours

      Review all units from Module 1: Concepts in Agricultural Marketing. Focus on key concepts: agricultural marketing, marketing sub-systems, and marketing functions.. Prepare for tutor-marked assignments..

  11. Week 11Module 2: The Theory of Demand and Supply in Agricultural Marketing
    • Review: Modules 2 & 3 · 4 hours

      Review all units from Module 2: The Theory of Demand and Supply in Agricultural Marketing and Module 3: Price Mechanisms in Food and Agricultural Commodities. Focus on key concepts: demand and supply, elasticity, breakeven analysis, and pricing strategies.. Practice calculations and problem-solving..

  12. Week 12Module 4: Commodity Marketing Systems
    • Review: Modules 4 & 5 · 4 hours

      Review all units from Module 4: Commodity Marketing Systems and Module 5: Cooperatives in the Agricultural Sector. Focus on key concepts: commodity marketing, marketing systems, cooperative enterprises, and their limitations.. Prepare for tutor-marked assignments..

  13. Week 13Comprehensive Revision
    • Final Revision · 6 hours

      Comprehensive review of all course materials.. Focus on key concepts and theories.. Practice exam questions and review tutor-marked assignments..

Preparing for the exam

What to do
  • Review all tutor-marked assignments (TMAs) and understand the feedback provided.
  • Create concept maps linking key topics from each module to reinforce understanding.
  • Practice applying demand and supply theories to real-world agricultural scenarios.
  • Focus on understanding the different pricing strategies and their implications.
  • Review the structure and functions of cooperative enterprises and their role in agricultural development.

Questions students ask about this course

What is AEM716 about?

This course provides a comprehensive understanding of agricultural marketing and cooperatives, exploring their significant contributions to the agricultural sector. It examines the evolution, nature, and scope of cooperative societies in Nigeria, emphasizing their relevance to rural and agricultural development. The course covers key marketing concepts, demand and supply theories, price mechanisms, and commodity marketing systems. It also addresses the challenges and limitations of cooperative enterprises in the Nigerian context.

How many units does AEM716 have?

AEM716, Agricultural Marketing And Cooperatives, has 10 units across 5 modules, over 58 pages of course material. You can read it one unit at a time.

How many credit units is AEM716?

AEM716 carries 2 credit units, at 700 level in Agricultural Sciences.

Is AEM716 hard?

AEM716 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.

How long does AEM716 take to study?

About 78 hours of study, spread across its 10 units.

How is AEM716 assessed?

AEM716 is assessed by Tutor Marked Assignments and End of Course Examination.

What can I do with AEM716?

Agricultural Marketing Manager, Cooperative Manager, Commodity Trader, Agricultural Economist and Rural Development Officer.

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