Consumer demand theory and economics of production. Geometric and mathematical approaches. Models of market behavior, related to example situations. Applications to business and government decision making emphasized. Required theory course for more advanced departmental offerings.
Students undertake research projects.
Moffitt , 212B Stockbridge Decision making subject to constraints. Introduction to contemporary quantitative methods as applied to agricultural production, marketing and resource management problems in both a private and public setting. Linear programming, decision making under uncertainty, and simulation. Allen , 220B Stockbridge Principles of small business finance, credit institutions, and financial management of the small business. The development and implementation of merchandising strategies by food processors, wholesalers, and retailers.