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.