Agricultural economics arose in the late 19th century, combined the theory of firm with marketing and organization theory, and developed throughout the 20th century largely as an empirical branch of general economics. The discipline was closely linked to empirical applications of mathematical statistics and econometric methods made early.
The Department of Agricultural Economics started offering Agricultural Economics as major subject after its initiation in 2012 and currently has 32 enrolled students. Since its establishment, a total number of 49 students have completed their graduation in Agricultural Economics. They are pursuing their career in different public and private sector organizations.
The Department offers BSc (Hons) in Agricultural Economics and plans to launch post graduate programs in near future. It has a qualified faculty including one PhD and six MPhil teachers. Responsibilities of the faculty are divided among teaching, extension, research and service. Significant emphasis is given to the international dimensions of these tasks.
The faculty, staff, and students of the Department work in the areas of Agribusiness Management, Marketing, Agricultural Finance and Financial Planning, Policy, Entrepreneurships, Economic Development, International Trade and Transportation, Natural Resource Economics and Agricultural Production Economics.