The economic, legal and institutional causes of these problems.
Public policy approaches to solutions and the costs and benefits of alternative solutions.
An introduction to economic principles of production, marketing, agricultural prices and incomes, farm labor, credit, agricultural policies, and government programs. Principles of production economics and other related fields as applied to the individual farm business. Formerly AREC 432. Development of natural resource policy and analysis of the evolution of public intervention in the use of natural resources. Examination of present policies and of conflicts between private individuals, public interest groups, and government agencies.