Master Syllabus AG2423, Agriculture Economics

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Credits 3 Lab Hours 0 Lecture Hours 3 Clinical Hours 0
A study of economics principles with special emphasis on their applicability and current utilization in the field of agriculture. The principles of economics and their use in sustaining or questioning current economic policy will be a central theme of this course. For each unit of credit, a minimum of three hours per week with one of the hours for class and two hours for studying/preparation outside of class is expected.

For each unit of credit, a minimum of three hours per week with one of the hours for class and two hours for studying/preparation outside of class is expected.

Program and/or Department Mission Statement

The agriculture program at SCCC provides opportunities to further each student’s knowledge of and skills in agricultural operations.

SCCC Outcomes

Outcome #1: Read with comprehension, be critical of what they read, and apply knowledge gained from their reading to broader issues of the day.

Outcome #4: Demonstrate mathematical skills by using a variety of techniques and technologies.

Outcome #5: Demonstrate the ability to think critically by gathering facts, generating insights, analyzing data, and evaluating information.

Course Outcomes

Upon completion of this course, students will:

  1. Describe basic micro- and macro-economic principles involved in the production of food and fiber including consumer choice, supply, demand, competition, market regulation, and single/variable level inputs.
  2. Examine agriculture’s role in state, national, and international economics.
  3. Recognize international economic policy’s role in world food supply and demand.
  4. Describe the role and functions of the US Farm Credit System.
  5. Discuss US rural development and rural natural resources.
Course Outline
  1. Introduction to the Economics of Agriculture
  2. The Economics of Production
  3. The Costs of Production
  4. Profit Maximization
  5. Optimal Input Selection
  6. Optimal Output Selection
  7. Consumer Choices
  8. Supply
  9. Demand
  10. Markets
  11. Government Policies
  12. The Competitive Firm
  13. Market Power
  14. Agriculture and the Global Economy
  15. Economics, Agriculture, and the Environment
  16. Agribusiness Management
     
Instructional Methods
  1. Lecture
  2. In-class discussion

 

Instructional Resources and Materials
  1. Course textbooks
  2. Class handouts
  3. Web-based materials 
Methods of Assessment
  1. SCCC Outcome #1 will be assessed and measured by chapter quizzes.  
  2. SCCC Outcome #4 will be assessed and measured by exams.
  3. SCCC Outcome #5 will be assessed and measured by a final exam.
     
Americans with Disabilities Act (ADA) Statement

Under the Americans with Disabilities Act, Seward County Community College will make reasonable accommodations for students with documented disabilities. If you need support or assistance because of a disability, you may be eligible for academic accommodations. Students should identify themselves to the Mental Health Counselor at 620-417-1106 or go to the Student Success Center in the Hobble Academic building, room A149.

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