AB 3130 - Agricultural Markets and Prices

This course is an intermediate microeconomics course that builds on the principles and concepts presented in AB 1225 Agricultural Economics. This course will provide students a thorough understanding of the economic principles that determine prices in agricultural markets. The course is designed to provide knowledge of markets and the entities and factors that impact market equilibrium outcomes. Application of microeconomic theory will allow students to formulate informed decisions in the context of being market participants as decision makers in production and demand markets. The course will emphasize the estimation and measurement of economic relationships using data and appropriate analytical tools. The provision of an appropriate mix of economic principles and empirical estimation tools provide the opportunity for future decision makers to formulate microeconomic theoretical based expectations and accurately measure market outcomes as realized over time.

3 hours Lecture and Discussion
3 credits