The Department of Agricultural Economics and Extension was established in 1973 at the College of Agriculture. It offered teaching courses in economics, statistics and farm management and extension for Agriculture college students. A study plan has been developed for agricultural economics and extension students. A program for MSc. was introduced in the academic year 1985-86. As a result of the restructuring of the departments of the Faculty of Agriculture in 1998, the Department was renamed to become the Department of Agricultural Economics and Agribusiness Management and the study plan was modified to cope with the new trends.
The department includes 9 faculty members who teach and research in the areas of agricultural production economics and policy analysis, economic and rural development and agricultural business management, finance and marketing. The Department provides courses; in particular, principles of economics, statistics, extension, and management for other students in other departments.
A computer lab was set up in the department during the academic year 2005 - 2006. The aim of establishing the lab is to build the capability of the students to better using computer applications for various courses that need to process applications in the computer. In addition to the possibility of using the computer lab at the university and the College of Agriculture. The lab has begun providing some courses on the Internet and is being used as a key communication line (i.e. via dedicated email and web pages) between faculty and students, by which educational materials and exercises are provided and exchanged.