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AGB 121 Fundamentals of Agricultural and Environmental Economics
Credit Hours:  3
Effective Term: Fall 2015
SUN#: None
AGEC: None  
Credit Breakdown: 3 Lectures
Times for Credit: 1
Grading Option: A/F Only
Cross-Listed:  


Description: An introductory analysis of the agriculture economy addressing economic principles, farm management and marketing of agriculture products.

Prerequisites: RDG094

Corequisites: None

Recommendations: None

Measurable Student Learning Outcomes
1. (Comprehension Level) Summarize the history of U.S. agriculture.
2. (Analysis Level) Analyze the role of agriculture in U.S. economic development.
3. (Analysis Level) Compare the types of economic systems and business organizations in a capitalistic society.
4. (Synthesis Level) Describe the relationship between consumer behavior and choice, and how they affect consumption of agricultural products.
5. (Analysis Level) Analyze cost and return, and optimum levels of output as they relate to agricultural economics.
6. (Analysis Level) Examine the relationship between supply and demand and explain how they result in price determination.
7. (Evaluation Level) Interpret how global agricultural policies influence price and availability of agriculture products.
8. (Analysis Level) Examine and explain the steps and costs of marketing an agricultural product.
9. (Synthesis Level) Describe how the development of a country impacts changes in the consumption of agricultural products and how the trade of those products, both inside and outside the country, changes as that country develops.
10. (Knowledge Level) Describe the three general business organizations of farms, including how farms are classified by economic size.
11. (Comprehension Level) Describe the consumer decision-making process and its economic implications.
12. (Comprehension Level) Identify four classes of resources used in product production and how to use those resources to determine optimal production.
13. (Comprehension Level) Describe types of market classifications and explain how supply, demand, and price of products are determined in each.
14. (Comprehension Level) Describe the food chain from the farm to the consumer including the importance of storage and transportation when developing marketing strategies for those products.
15. (Analysis Level) Analyze and explain the complex factors which contribute to American agricultural growth and development, including environmental conditions as well as the governmental role in agriculture.
Internal/External Standards Accreditation
None