AGBUS110
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Introductory Economics of Food, Fiber and Natural Resources
Course Description
This course is an introduction to the principles of economics including production principles; production costs, supply and revenue; profit maximization; consumption and demand; price elasticity; market price determination and competitive versus noncompetitive market models. These principles are applied to agriculture and the role of agriculture in the United States and world economics. Other topics include a survey of the world food situation; natural, human, and capital resources; commodity product marketing; and agricultural problems and policies.
Credit Hours
3
Course Credit Type
Transfer Course (TC)
CIP Code Classification
01.0103
Lecture Hours per week (full semester)
3
Lab hours per week (full semester)
0
Course Typically Offered
Spring
Department
Does this course fulfill a General Education Course Curriculum Distribution Area Requirement?
No
Is the course Illinois Articulation Initiative (IAI) approved?
Major
Illinois Articulation Initiative (IAI) approved code
AG 901
Illinois Articulation Initiative (IAI) approved code (2)
-
Illinois Articulation Initiative (IAI) Major Distribution Area(s)
Agriculture (AG)