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Course Criteria
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2.00 Credits
2 Credit (2-0) F Students are introduced to the application of economic principles of production, supply and demand to problems of agriculture and related industries. Students apply these principles to economizing scenarios faced by farmers, agribusiness and public administrators. Students also apply these principles to decision making in agricultural policy, farm management, foreign trade, marketing and national resources relative to rural and regional economic growth.
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3.00 Credits
3 Credits (3-0) F Prerequisites: AGEC 1801, ECON 2106 or permission of instructor Students learn the basics of management, some unique characteristics of farm and ranch management, the role of managerial effectiveness and the materials and methods used in analyzing management problems in the decision making process. Students also identify and discuss planning, organizing, actualizing, controlling, directing and implementing the most important management functions.
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2.00 Credits
2 Credits (2-0) F Prerequisite: AGEC 1801 or permission of instructor Students are introduced to concepts and theory in agricultural sales. Students use reasoning and sales methodology to master sales approaches, both in pricing and non-pricing competition.
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3.00 Credits
3 Credits (3-0) F Prerequisites: ECON 2106, ACCT 2103 Students learn the fundamental principles of credit and finance as applied to agriculture, capital and credit need of farmers and agencies supplying credit, problems of borrowers and lenders and strengths and weaknesses of the present credit system; to include a survey of legislation designed to deal with the credit problems of farmers. Additionally, students learn the fundamental principles of accounting, types and uses of farm records; analysis of farm records with an emphasis on improving efficiency; interpretation of income tax regulations, preparation of farm income tax returns and the effects of income tax alternatives on farm income after taxes.
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3.00 Credits
3 Credits (3-0) Sp Prerequisites: AGEC 1801, ECON 2106 or permission of instructor Students learn the functions of land in economic life; the effects of social, economic and institutional factors on land and the land resource base; principles of land values, development, property and tenure rights, and population pressures and the demand for land. Students also identify and discuss land resource values and real estate, the use of real estate credit, the effects of taxes on land ownership and the public's direction on land use.
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3.00 Credits
3 Credits (3-0) Sp Prerequisites: ECON 2106, ECON 3103,and junior standing Students will be introduced to selected methods of scientific inquiry which are reliable, relevant and useful in the solution of problems significant to the agricultural economy. Such selected methods include, but are not limited to, parametric and non-parametric techniques, correlation analysis, regression analysis, linear programming, conjoint analysis and quadratic programming.
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2.00 Credits
2 Credits (2-0) F Prerequisites: AGEC 1801, or junior standing or permission of instructor. Students are introduced and assigned to a supervised work experience program in a public or private agribusiness or a related agricultural organization. The students' program is planned and coordinated with the overall purpose of providing structured "hands-on" experiences.
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3.00 Credits
3 Credits (3-0) F Prerequisite: ECON 2105, ECON 3203 or ECON 3213 Students identify, discuss and apply economic principles and statistical techniques to agricultural prices and analyze agricultural prices and price movement with respect to time, space and form; methods of price forecasting; roles of public and private institutions in price setting.
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3.00 Credits
3 Credits (3-0) Sp Prerequisites: AGEC 1801, AGEC 3803 or permission of Instructor Students learn the functions of marketing and the marketing system, the framework of the marketing problem in food and agriculture, and the unique attributes of grading, shipping, methods of sales, consumer demands and channels through which farm products move from producers to consumers.
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3.00 Credits
3 Credits (3-0) F Prerequisites: ECON 2105, ECON 2106 Students identify and discuss a brief overview of agricultural policies and problems, both past and present, which affect agriculture. They conduct an evaluation of current support programs and programs to aid low income and disadvantaged families, including the use of economic and business principles to appraise current and potential agriculture and food policies of the future.
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