Analytical survey of the various subdivisions of agricultural economics, to include farm organization, enterprise, land economics, marketing, farm prices, governmental farm policies, and the relation of agriculture to the national and international economy. F Economic principles applied to resource allocation problems related to environmental and natural resource issues. Economic principles underlying the organization and operation of agricultural firms and related business enterprises. Particular emphasis is directed to management aspects of the farm as a production unit. Basic quantitative relationships in applied economics are examined and interpreted.
Emphasis is placed on the mathematical aspects of applied economics.
Microcomputer software will be utilized for problem solving. General course in marketing agricultural commodities with particular emphasis upon food products. Efficiency criteria, consumer behavior, market organizations and institutions, and marketing functions are analyzed. Topics include the real estate market, principles of valuation, legal concepts, and the application of the comparable sales, cost, and income approaches to real estate valuation. Emphasis is given to the application of economics to the solution of problems facing managers of agricultural supply and marketing firms.