AG 121Introduction to Agriculture Economics

Catalog

3 cr. hrs.; 3 lecture hours; 0 lab hours per week. An introductory course covering selected agricultural economics principles and topics. Includes economic principles applied to agricultural problems; agriculture as a business; resource utilization; production principles; profit maximization; supply and demand principles; market structures and price determination; finance; and agricultural policy. Other topics covered are the world food situation and food production; agricultural trade; and the role of agriculture in economic growth. Special emphasis is placed on applying economic theories and principles to solving problems facing agricultural producers and agricultural industries.