Jan 28, 2026  
25-26 Academic Catalog 
  
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25-26 Academic Catalog
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AG 281 - Agricultural Economics

An introductory course in agricultural economics, concerned with how limited resources are allocated in order to satisfy unlimited wants. Economic principles are applied to agricultural problems and to the role of agriculture in both the U.S. and world economies. Includes production principles; production costs, supply and revenue; profit maximization; consumption and demand; price theories; price elasticity; market price determination; competitive and noncompetitive markets; and the behavior of the firm under varying market conditions. Other topics examined are the world food situation; world food production; agricultural trade; population growth; agricultural problems and policies; and the role of agriculture in economic development and growth.

Credits: 4
Lecture Hours
4
Lab Hours
0 lab hours per week

IAI
AG 901

Academic Level
1.1


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