This course provides a comprehensive introduction to the principles of economics applied to the agricultural sector. Students will explore how economic forces influence the production, distribution, and consumption of food and fiber. Key topics include supply and demand analysis in agricultural markets, the role of government policy in agriculture, international trade in agricultural products, agricultural finance, resource management, environmental economics as it relates to agriculture, and the challenges facing modern agriculture, such as climate change, food security, and sustainable development. The course will utilize both theoretical models and real-world case studies to examine these issues and develop problem-solving skills relevant to the agricultural industry.
Learning Objectives: Upon successful completion of this course, students will be able to:
- Understand the unique characteristics of agricultural markets and how they differ from other markets.
- Apply economic principles to analyze agricultural issues and problems.
- Evaluate the impact of government policies on agricultural producers and consumers.
- Analyze the effects of international trade on agricultural markets.
- Understand the principles of agricultural finance and resource management.
- Assess the economic and environmental sustainability of different agricultural practices.
- Critically evaluate current challenges facing the agricultural sector and propose potential solutions.
Prerequisites: Principles of Microeconomics recommended.
- Teacher: Admin User
