Problems in any of the various phases of agricultural economics will be assigned or may be selected, subject to the approval of the professor in charge. Three credit hours. Two hours of lecture and one three-hour laboratory per week. Use of economic principles and farm accounts in the organization and management of a farm business. Includes methods of keeping and analyzing farm records, farm inventory, income and net worth statements, receipts, and expenses records production records, income tax returns, preparation of budgets, and analysis of problems of risk in agriculture.
Emphasis is placed on decision-making.
One credit hour. One meeting per week. Consent of the Director of the Department and twelve credits in Agricultural Economics. Reports and discussions of problems, observation and recent research. Written and oral reports are required.