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Master
Course Outline
AGRI 201
Microeconomics in Agriculture
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| Credits: 5 |
Clock Hours per Quarter: 50
AA Discipline: [Social Sciences]
Lecture Hours:50
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Description
Introduction to microeconomics as applied to production, consumption, and marketing issues in the business and production sectors of the economy. Topics include supply/demand theory, consumer choice theory, production theory, and costs of production. Student may not earn credit for both AGRI 201 and ECON& 201. Formerly AGRI 202. |
Intended Learning Outcomes
Define economic terms.
Analyze economic concepts using graphical representations.
List resource classifications.
Calculate optimum solutions to economic problems using given data.
Evaluate the effects of changes in demand and supply on the market price and equilibrium quantity.
Explain the rationing function of prices and describe the effect of interventions in markets.
Determine optimal consumer choice given various conditions.
Calculate various elasticities and interpret the values.
Discuss factors that influence the values of various elasticities.
Perform time value of money calculations and interpret results.
Describe advantages and disadvantages of various forms of business organization.
Illustrate and describe the relationship between outputs and inputs.
Calculate, graph and describe effect on decision making of cost, revenue, and profit values.
Identify the relationship between output growth and changes in costs, revenues, and profit.
Compare and contrast characteristics and output / pricing decisions of perfectly competitive firms to the imperfectly competitive solutions.
Explain rationality for regulation of business and the effect of regulations.
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Course Topics
Economics as a science
Creating and interpreting graphs
Scarcity and the World of Trade-offs
Demand and Supply
Consumer Choice
Elasticity
Rents, Profits and the Financial Environment of Business
The Firm: Cost and Output Determination
Market Models
Regulation and Antitrust behavior
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Syllabi
Listing
See ALL Quarters
| Course |
Year
Quarter
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Item
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Instructor |
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| AGRI 201 |
Spring 2013 |
0092 |
Debora Frazier |
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| AGRI 201 |
Fall 2012 |
0098 |
Debora Frazier |
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| AGRI 201 |
Spring 2012 |
0006 |
Debora Frazier |
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| AGRI 201 |
Fall 2011 |
0006 |
Debora Frazier |
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| AGRI 201 |
Spring 2011 |
0006 |
Debora Frazier |
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Two Year Projected Schedule
| Year
One* |
Year
Two** |
Fall |
Winter |
Spring |
Summer |
Mini |
Fall |
Winter |
Spring |
Summer |
Mini |
X
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X
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X
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X
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*If fall quarter starts on an odd year (2003, 2005, etc.), it's Year One.
**If fall quarter starts on an even year (2002, 2004, etc.), it's Year Two.
printable version
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