AGRI 1010 - Introduction to Agriculture Business

3 sem hrs cr

Introduction to Agriculture Business is an introductory course covering the application of economic principles to problems of resource allocation in agribusiness firms. This course is designed to develop an understanding of the theoretical concepts and principles of economics as they apply to the food and agricultural industry. Emphasis is given to the application of economic principles in the production and consumption of food and fiber products. The course is intended to provide the student information concerning the role, scope, importance of food and agriculture industry in today’s American economic system and discuss application of economic principles in decision making process. Prerequisite or Corequisite: MATH 0530  or MATH 1530  

In rare and unusual circumstances, a course prerequisite can be overridden with the permission of the Department Lead for the discipline.

Transfer (UT) or Non-Transfer Course (UN): UT

• To increase the student’s knowledge of economic theory as it relates to decision-making processes in agriculture by presenting basic economic theory; this will be illustrated with examples from resources, agriculture and food issues of today.
• To provide students with the understanding of basic concepts of micro- and macro-economics to deal with complex issues in decision-making processes
• To discuss special issues as they impact small farmers, rural development, environment and natural resources, and international trade in a global economy
• To enhance oral and written communication

Student Learning Outcomes

By the end of the course, students should be able to…

• describe how agribusiness firms operate in a global agri-food system and the role and scope of agribusiness in our economy.
• acquaint with micro and macro-economic theories in agribusiness management.
• develop analytical skills needed for agribusiness management.
• develop better writing and presentation skills.