Macroeconomics of Agriculture

Catalog description

Credits 3. 3 Lecture Hours. Basic functioning of U.S. economy and relationship to agriculture; the differential effects of macroeconomic policy on disposable income, interest rates, unemployment, inflation and exchange rates; impact on agricultural commodity prices, farm input costs, net farm income, farmland values and key financial indicators. In addition, the course will focus on machine learning and artificial intelligence applications in solving problems in macroeconomics of agriculture. Prerequisites: AGEC 317 or concurrent enrollment; junior or senior classification.