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.
Note: Three hours of recitation a week.
Requisites: Prerequisite: AGEC 120 or AGEC 121 or ECON 120 and MATH 205.
Rec Prerequisite: AGEC 115.