Three hours rec. Food and Agribusiness Marketing. Three hours rec. This is an experiential course in the trading of commodity futures and options. Attention is focused on the study of market price determination, the implications of market efficiency notions, and on actual trading of futures and options.
Students invest in a commodity educational trading fund.
Class approves recommendations by vote, orders are placed with a broker, and the class monitors open trades. The pool balance at the end of the semester is redistributed to students. Three hours rec. Natural Resource Economics. Interdependence between environmental quality and economic actions are examined through discussion of property rights, economic incentives, externalities, and economic components of environmental policies.