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Course Criteria
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2.00 Credits
Applications of microcomputers to problems in agricultural economics and agribusiness. Emphasis on budgeting, cash flow, record keeping, financial analysis, statistical analysis, linear programming, and data analysis.
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2.00 Credits
Applications of microcomputers to problems in agricultural economics and agribusiness. Emphasis on budgeting, cash flow, record keeping, financial analysis, statistical analysis, linear programming, and data analysis.
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3.00 Credits
Application of economic principles to problems of agricultural production. Analysis of consumer demand for agricultural products and input and output decisions of the agricultural firm. AGEC 505 is a continuation of this course and they are intended to be taken in consecutive semesters.
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3.00 Credits
Theory and application of economic principles to marketing problems in agriculture. Pricing of agricultural output and productive services under various forms of economic organization and competition; regional specialization, location, and trade; determinants of economic change; evaluation of economic and consumer welfare.
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3.00 Credits
Analysis of capital investments, interpretation of financial statements, capital structure considerations for agricultural firms, and farm real estate pricing.
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3.00 Credits
A broad view of marketing; food markets and consumption; marketing functions and institutions; prices, competition, and marketing costs; functional and organizational issues; food marketing regulations; commodity marketing.
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3.00 Credits
The legal framework for decision making by farm firms, families, and individuals; liabilities, real and personal property, contracts, uniform commercial code, organization of farm firms, intergeneration property transfers, water law, fence law, federal and state regulatory power, insurance, income tax, and social security.
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3.00 Credits
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.
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3.00 Credits
Emphasis on the application of demand, supply, and price concepts in the study of natural resource use, policies, and management. Interdependence between environmental quality and economic actions are examined through discussion of property rights, economic incentives, externalities, and economic components of environmental policies.
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Credits
Seminars of special interest will be offered upon sufficient demand in selected areas relating to agricultural economics and agribusiness.
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