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What are structures of Agrarian Reform?

Agrarian Structure
Production Structure
Land Tenure Structure
Support Services Structure

What are the aspects of Agrarian Reform?

Economic
Socio-Cultural
Moral
Religious
Political

What are the ways of effecting changes?

Revolutionary
Authoritarian
Democratic

What are required for successful implementation of Agrarian Reform?

Line of Command
Support Services
Administration organization and procedures and Judicial systems
Involvement of Beneficiary

What are the components of Agrarian Reform?

Land Reform
Companion Measures

What are companion measures to land distribution?

Credit
Modern and better methods of production
Marketing facilities, equitable
Cooperatives

Social science that understands resource allocation that are limited based on choices and decisions - Economics

2 scopes of economics

 

Microeconomics
Macroeconomics

Studies the economics of firms; households - microeconomics

Studies the economics of aggregates, inflation, unemployment, economic growth, considers the entire economy - macroeconomics

Methods/approaches of economics

Positive
Negative/Normative

Economic statements that explains/describes without judgment - Positive

economic statements that prescribes or policy making statements
- Negative/Normative
Ex. Because of increased tuition fee in Addu, government should subsidize

Reasons for studying economics

To learn a way of thinking
Understand society
Understand global affairs
Informed voter

Theories of economics

Principle of ockham razor
Ceteris paribus

No irrelevant detail - Principle of ockham razor

Relationship between variablesall else equal while the rest of the factors remain unchanged - Ceteris paribus

Cautions/pitfalls of economics

Post hoc, ergo propter hoc fallacy
Fallacy of composition

If event A happens before event B, it does not necessarily follow that event A caused event B - Post hoc, ergo propter hoc fallacy

Whatever is true for a part, it is not necessarily true for the whole - Fallacy of composition

Criteria for judging economic outcomes

Efficiency
Equity
Economic
stability

Producing more with at least possible cost - efficiency
More equal of distribution - equity

Who are the economic players?

Firms
Households
Financial institution
Foreign Sector
Government

Development Economics
 Efficient allocation of scarce resources and their sustained growth over timeEconomic, social, political, institutional, mechanisms necessary to bring about rapid and large-scale improvements