AGR 220 - Agricultural Economics (3)

This course focuses on behaviors and interactions in the agribusiness marketplace, and explores trends impacting consumption and production, as well as the subsequent impact on profitability. Basic economic principles such as supply and demand, competition, government intervention, and consumer decision-making will be discussed. At the completion of the course, students will be able to: 1) explain various factors that impact the agricultural commodity market, 2) apply and differentiate supply-side economics and demand-side economics to various commodity market scenarios, 3) discuss how consumers, producers, the government, the environment, and world trade are interconnected in agribusiness economics and policy, and 4) evaluate how economic factors impact agricultural consumption and production, as well as all aspects of the food supply chain.