Economic Principles of Agribusiness Decision Making

Catalog description

This course introduces students to microeconomic principles in the context of food and agriculture. More specifically, the course examines market supply and market demand in various food and agricultural products, then examines how consumers make decisions about food to maximize their utility subject to a budget constraint, then examines profit-maximizing decisions by farms and food industry firms, and finally looks at special topics related to food and agriculture. By the end of the course, students will have key literacies on economic modeling and decision making as well as the food and agricultural sectors of the U.S. economy.