AGR 130 - Agricultural Economics

4 Credit(s)

This course provides an introduction to the characteristics of our economic system and fundamental principles of economic concepts with applications to agriculture including supply and demand, pricing systems, consumer behavior, and market structures. Effects on agriculture by money and banking systems, monetary and fiscal policies, government policies and international trade will also be topics of discussion. Missouri Higher Education Core Curriculum Transfer (CORE 42) Course Number: MOTR ECON 102A - Introduction to Microeconomics (Agricultural Economics)

Prereqs: MAT 097 or MAT 098 or higher with a passing grade or placement into MAT 121 or higher
Course Type: Lecture
Delivery Method:
In-Person
CORE42 MOTR Number - Name:
MOTR ECON 102A - Introduction to Microeconomics (Agricultural Economics) Core 42 Image

Course Learning Outcomes:
CLO 1) Students will apply economic principles, including supply and demand, scarcity, and opportunity cost to understand the agricultural industry. (Economic Principles)

CLO 2) Students will describe the structure of the agricultural sector of the US economy. (Agricultural Structure)

CLO 3) Students will describe the agricultural market structure that affects farm/ranch level and consumer level prices. (Market Structure)

CLO 4) Students will explain the concepts of consumer choice and how it affects farm/ranch level agricultural firms.(Consumer Choice)

CLO 5) Students will identify the economic aspects of the US economy as they affect the agricultural sector. (Economics)

CLO 6) Students will assess the role and impact of government policy on the agricultural sector. (Government policy)

CLO 7) Students will explain the importance of the global interactions that affect the agricultural sector. (Global Interactions)