3 cr. hrs. An applied economic theory course that emphasizes agricultural firm decision making including time considerations and the incorporation of risk and uncertainty. 3 cr. hrs. A survey course emphasizing reasons for natural resource misallocation including property rights and common property resources, externalities, and public good problems. Consideration is given to the equity and efficiency implications of public policies to direct the use of energy resources, minerals, water, forests and fisheries.
Considerable emphasis is placed on the economics of pollution control.
3 cr. hrs. An examination of commodity markets, cash and futures, and fundamental and technical methods of price analysis for commodities. The emphasis is on grain, livestock, and dairy but financial instruments are included. 3 cr. hrs. A study of the application of managerial tools and techniques to agribusiness firms.