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UNIVERSITY OF GONDAR

COLLEGE OF VETERINARY MEDICINEAND ANIMAL SCIENCES

DEPARTMENT OF EPIDEMIOLOGY AND PUBLIC HEALTH

Course guide

Course identification

Course module: Veterinary epidemiology and economics

Module code: Vetm-M5231

Course name: Animal health economics

Course code: Vetm-5231 ECTS : 3 Credit hours : 2

Target group: Regular DVM students Year: V A.Y. 2019/20; Semester: II

Course instructors: Dr. Wudu Temesgen (course coordinator)

Email: wudutemesgen@

Dr. Sefinew Alemu

Email. asefinew@

Course Description

The course deals with definition and importance of economics; factors of production; supply and demand; elasticity; production analysis; cost and revenue analysis; application of economics in disease control; estimation of costs of disease and0 the benefits of their control; economics and decision-making in disease control; principles of partial budget analysis; cost-benefit analysis; decision analysis, cost effectiveness analysis

Course objectives:

At the end of the course student will be able to:

• Describe the basic concepts of( animal health) economics

• Describe production function and profit maximization and cost minimization

• Categorize the economic impacts of livestock disease

• Quantify losses associated with livestock disease

• Identify disease control costs

• Undertake economic analysis of disease control at farm national level

• Analyze financial feasibility of a disease control program

• Conduct cost effectiveness analysis

Course schedule

|Week |Topics |Instructor |References |Assessment |

|I &II |Introduction to principles of economics |Dr. Sefinew A. |2, 7,9,11 | |

| |Definition, Branches and Role of economics | | | |

| |Concept of limited resources and unlimited wants and opportunity cost | | | |

| |Factors of production | | | |

|III&IV |Market behavior |“ | 2,7,9,11 |15%(week IV) |

| |Supply and demand and market equilibrium | | | |

| |Price and income elasticity of demand and supply | | | |

| |Consumer surplus and producer surplus | | | |

|V,VI&VIII |Production analysis/economics |“ |7, 11 |20% (week VIII) |

| |Relationship between inputs and out puts | | | |

| |Marginal analysis and law of diminishing marginal returns | | | |

| |Stages of production and optimum use of inputs | | | |

| |In put combination ( factor –factor relationship) | | | |

| |Least cost combinations | | | |

| |output combinations ( product- product relationship) | | | |

| |Revenue maximization | | | |

| IX |Economic impact of livestock diseases |Dr. Wudu T. |3,10,11,12 | |

| |Mechanism of disease effect on production | | | |

| |Direct and indirect cost of livestock disease | | | |

| |Tangible and intangible costs of livestock diseases | | | |

|X |Estimating disease losses/ costs |“ |3,10,11 | |

| |Estimating direct costs | | | |

| |Cost of mortality | | | |

| |Cost of morbidly | | | |

| |Estimating indirect loss | | | |

|XI |The cost of animal disease control |“ |3,10,11,12 |15% (week XI) |

| |The component of disease control costs | | | |

| |The importance of fixed and variable costs in planning disease control policy | | | |

|XII & XIII |Economic analysis tools for animal disease control |“ |3,10,11 | |

| |Micro (Farm) level analysis | | | |

| |Gross margin analysis | | | |

| |Partial farm budgeting | | | |

| |Decision tree analysis | | | |

|XIV&XV |7.2 Macro level analysis ( national level) |“ |3,10,11 | |

| |7.2.1 cost benefit analysis | | | |

| |7.2.2 financial feasibility analysis | | | |

| |7.2.3 risk and uncertainty( sensitivity analysis) | | | |

|XVI |Economic analysis of zoonotic disease control |“ |3,10,11 | |

| |cost effectiveness analysis | | | |

References

1. Amacher, R.C and Ulbrich, H.H (1986): Principles of microeconomics. Southwestern publishing co. USA, 3ed

2. Drummond H. E. (2004): Agricultural economics. 2nd ed. Pearson Education Inc, UK

3. Dijkhuizen , A.A. and Morris, R.S. 1997. Animal health economics: Principles and Applications. Post graduate foundation in veterinary science, University of Sydney, Sydney, Australia.

4. Edgar K. Browning and Mark A. Zupan (2011): Microeconomic theory and application, 11th ed.

5. Ellis, F. (1994): Agricultural Polices in Developing Countries Athenaeum Press, Great Britain.

6. Ghatak, S. and K. Ingeresent (1984): Agriculture and Economic Development, Wheetsha Books Ltd.

7. Johl, S. and Kapur, T. (2003): Fundamentals of Farm Business Management. Press Kalyni, India.

8. Key, R. D., Edwards, M.W., Duffy, P.A. 2012. Farm management. Seventh edition. McGraw Hill inc. New York, USA

9. Lemma, B. (2003: Basic Principles of Economics. Press Mega, Ethiopia.

10. Putt, S. N. H, Shaw, A. P.NI, Woods, A. J., Tyler, L., and James, A.D. (1987). Veterinary epidemiology and economics in Africa. A manual for use in the design and appraisal of livestock health policy. ILCA manual No.3.

11. Rushton, J (2009):The Economics of Animal Health and Production. CAB International, UK.

12. Thrusfield, M (2005). Veterinary Epidemiology, 3rd ed. Blackwell Science ltd. Oxford.

13. Martin, W.S. Meek, H.A. and Willeberg, P. (1987). Veterinary epidemiology. Principles and Methods. Iowa state university press, Ames, Iowa, USA

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