The student must acquire a knowledge of the general characteristics of Italian agriculture and of the farm system that characterizes it. In addition, he must acquire knowledge of the technical-structural and economic characteristics of farms. He must learn the criteria for attributing an economic value to the elements of Working Capital, Fixed Capital (here determining the depreciation rates), Third Party Capital, and Net Capital (start and end of the administrative year). In the same way, the student has to learn the criteria for correctly defining the value of the Income, of the Variable Costs, of the Added Value, of the Gross Income, of the Fixed Costs, of the Operating and Net Income, of the main Taxes and taxes applied in agriculture. The same applies to the specification of the labour availability and requirement generated by tha farm activities. With these elements, the student has to learn how to determine the profitability of the farm by estimating the income to capital, and the income to labour. Finally, the student must be able to carry out an economic analysis of the individual activities of the farm, computing the production costs of each of them and their contribution to overall profitability.