AGR 101 Introduction to Agricultural Economics
This course provides an introduction to the principles of economics including production principles, production costs, supply and revenue, profit maximization, consumption and demand, price elasticity, market price determination and competitive verses non-competitive market models. These principles are applied to agriculture and the role of agriculture in the United States and world economies. Other topics may include a survey of the world food situation, natural human and capital resources, commodity product marketing and agriculture problems and policies. R, 11 (3 lecture hours) IAI:AG 901 Note: In addition to tuition, this course requires an additional variable tuition rate.