Agriculture Economics

Catalog description

Students in this course learn various applications of microeconomics as used by farms and agribusiness firms. The behavior of individual firms is evaluated, as price and output are determined in various market structures (pure competition, pure monopoly, monopolistic competition, and oligopoly). Other topics include pricing and employment of resources, market failure and the social control of industry (government, economics policy, and regulation), cost and production theory. This course is only offered at the Ancilla College campus.