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.
The agriculture program at SCCC provides opportunities to further each student’s knowledge of and skills in agricultural operations.
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.
Upon completion of this course, students will:
- 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.
- Examine agriculture’s role in state, national, and international economics.
- Recognize international economic policy’s role in world food supply and demand.
- Describe the role and functions of the US Farm Credit System.
- Discuss US rural development and rural natural resources.
- Introduction to the Economics of Agriculture
- The Economics of Production
- The Costs of Production
- Profit Maximization
- Optimal Input Selection
- Optimal Output Selection
- Consumer Choices
- Supply
- Demand
- Markets
- Government Policies
- The Competitive Firm
- Market Power
- Agriculture and the Global Economy
- Economics, Agriculture, and the Environment
- Agribusiness Management
- Lecture
- In-class discussion
- Course textbooks
- Class handouts
- Web-based materials
- SCCC Outcome #1 will be assessed and measured by chapter quizzes.
- SCCC Outcome #4 will be assessed and measured by exams.
- SCCC Outcome #5 will be assessed and measured by a final exam.
SCCC Policy
Technical support is available by contacting the SCCC IT Department at itech@sccc.edu
Canvas Help: canvashelp@sccc.edu
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.