AGBS 1 - Introductory Agricultural Economics

GE Area/Graduation Requirement: GE Area 4B (formerly GE D2)

Microeconomic principles of resource allocation, production, cost, and market price equilibrium with primary application to farms and agribusinesses. Supply and demand in commodity pricing under perfect and imperfect competition. Optimizing single variable input production function; total/marginal approaches to profit maximizing output.

Units: 3

Course Typically Offered: Fall, Spring