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Course Criteria
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3.00 Credits
Advanced study of the economic and business aspects of the food industry from processing to distribution to retailing. Emerging trends in nutrition, food consumption, food safety and supply chain arrangements along with management and marketing issues in the food industry will be studied.
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3.00 Credits
A study of management concepts, tools, and decision strategies applied to farm firms. Alternative measures of farm business performances, as well as planning and evaluation techniques for an uncertain environment, are examined.
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3.00 Credits
This course integrates the risk, production, marketing, and financial management strategies of agribusiness firms. Special attention is given to the application of economic theory and quantitative analysis to business decision-making processes. In addition to case studies, a variety of analytical techniques will focus on both markets and firms involved in the production and marketing of food commodities.
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3.00 Credits
The analysis of selected agricultural prices; application of regression analysis to price analysis, the role of futures markets and market efficiency, optimal hedging strategies, commodity option pricing, and price forecasting.
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3.00 Credits
Current issues in agricultural and natural resource policy from divergent perspectives. Classroom discussion, debate, writing assignments, and student presentations. Current events are analyzed and synthesized from both economic and noneconomic perspectives. Topics may include environmental issues, international agricultural development, the politics of farm programs, and the relationship between technology, agriculture, and society.
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3.00 Credits
Applied economics of agricultural trade. Emphasis on why trade occurs, current agricultural trade patterns, the effects of agricultural policy on trade, and the institutions of trade.
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3.00 Credits
Planning for efficient use of transportation, storage and processing facilities in the handling of raw materials and products for agribusiness firms, controlling shipments and inventory in coordination with warehouse and handling operations, and scientific selection of routes, schedules, and equipment.
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Credits
Seminars of special interest will be offered upon sufficient demand in selected areas relating to agricultural economics and agribusinesses.
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3.00 Credits
Analytical concepts and quantitative tools to make better decisions in risky situations. Identifying various types of risk an operation faces, measuring the degree of risk, and exploring ways to manage risk. Includes portfolio analysis, futures and options, contracting, and insurance. Emphasis on computer applications. Topics are focused on agriculture but are applicable to other industries and household decisions.
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3.00 Credits
Applications of economic principles to problems of agricultural production and agribusinesses. Demand theory and economic forecasting will be used to examine changes in demand and business trends. Cost minimization and profit maximization will be used to examine firm and market issues.
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