AEC 303 - MICROECONOMIC CONCEPTS IN AGRICULTURAL ECONOMICS

College of Ag, Food and Environment

Credit(s): 3

Emphasis on the development of theoretical models of production and consumption economics and application of these models to problems. The importance of concepts of marginality to managers and consumers is emphasized. Role of risk and uncertainty in resource allocation is outlined.

Prereq: ‘C’ or better in ECO 201 and ‘C’ or better in MA 123 or MA 113.
Approved for Distance Learning.