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Master Course Outline
AGRI 201
Microeconomics in Agriculture


Credits: 5
Clock Hours per Quarter: 50

AA Discipline: [Social Sciences]

Lecture Hours:50


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.

  • 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

  • Syllabi Listing See ALL Quarters
    Course
    Year Quarter
    Item
    Instructor  
    AGRI 201
    Spring 2014
    0098
    Debora Frazier
    AGRI 201
    Winter 2014
    0090
    Debora Frazier
    AGRI 201
    Fall 2013
    0098
    Debora Frazier
    AGRI 201
    Spring 2013
    0092
    Debora Frazier
    AGRI 201
    Fall 2012
    0098
    Debora Frazier


    Two Year Projected Schedule

    Year One* Year Two**
    Fall
    Winter
    Spring
    Summer
    Mini 
    Fall
    Winter
    Spring
    Summer
    Mini
    X
    X
    X
     
     
    X
    X
    X
     
     

    *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.