Marine Sciences

Economics of Fisheries ( Course Code: CUSAT-24-400-002)

Fish, as a natural resource is an asset to our country. Indian fisheries sector plays an important role in socioeconomic development of the country. Fisheries sector has potential contribution to national income, nutritional security, employment opportunities, and export earnings. The fisheries sector has transformed from traditional subsistence activity to a well-developed, diversified commercial enterprise with vast untapped potential. This sector requisites proper planning, allocation and management for attaining the maximisation of the fisheries production, cost minimisation and fishery resource optimization. Fisheries economics is the study of optimal allocation of fishery resources in such a way that the value of production and society’s welfare are maximized.

This course deals with application of Economic theory into fisheries management. Economics of Fisheries looks for the best use of available fishery resources. It focuses on the costs and benefits of fisheries activities and attempts to make effective decisions out of the available alternatives.

After completing the course, you will be able to apply the theoretical knowledge of Economics into practical fisheries situations. You may able to distinguish between demand and supply functions in the economy.  You may competent to analyse cost, revenue and production in the short run and long run.

In this course, there are five units (Modules). First unit deals with an introduction to economics and fishery system. Second unit covers Demand and Supply Analysis. Third Unit, discuss about Cost and Revenue Analysis. Fourth Unit includes production Analysis and pricing methods. Fifth Unit, that’s our last unit summarises the macro economic framework of fisheries economics.

This course will be beneficial to BSc, BFSc, MSc, MFSc Fisheries Students, Research Scholars of Fisheries Economics and Fisheries Resource Management and Fisheries Entrepreneurs.

 I wish you all HAPPY LEARNING