AGRI 2317
Introduction to Agricultural Economics

Western Texas College

  1. Basic Course Information
    1. Course Description: Fundamental economic principles and their application in the agricultural industry.
    2. Lab:  No required laboratory.
  2. Student Learning Outcomes - Upon successful completion of this course, students will:
    1. Describe fundamental macro- and micro-economic principles.
    2. Apply economic principles to agricultural production, marketing and consumption.
    3. Describe the different agricultural economics fields (e.g. food industry, demand theory, supply theory, competitive environments).
  3. Course Requirements
    1. Six Major Exams – 600 points
    2. Commodity Research – 100 points
    3. Homework Problems – 300 points
    4. Comprehensive Final Exam – 200 points
  4. Information On Books
    1. Introduction to Agricultural Economics, Fifth or Sixth Edition, Penson, Capps, Jr., Rosson III, Woodward
      ISBN-13:  9780133379488
  5. Other Policies, Procedures and important dates.  Please refer to the WTC Catalog for the following:
    1. Campus Calendar
    2. Final exam schedule
    3. How to drop a class
    4. Withdrawal information
    5. Student Conduct/Academic Integrity
    6. Class Attendance
    7. Students with disabilities
  6. Course Content and Tentative Schedule*

Week 1

Introduction

Week 2

Chapter 1 –   What is Agricultural Economics?

Week 3

Chapter 2 –   The US Food and Fiber Industry

Week 4

Exam #1

Week 5

Chapter 3 – Theory of Consumer Behavior

Week 6

Chapter 3 - Theory of Consumer Behavior 

Week 7

Chapter 3 – Theory of Consumer Behavior
Exam #2

Week 8

Chapter 4 – Consumer Equilibrium and Market Demand

Week 9

Chapter 4 – Consumer Equilibrium and Market Demand
Exam #3

Week 10

Chapter 6 – Introduction to Production and Resource Use

Week 11

Chapter 6 – Introduction to Production and Resource Use
Exam #4

Week 12

Chapter 10 – Natural Resources, the Environment, and Agriculture
Chapter 11 – Government Intervention in Agriculture

Week 13

Exam #5
Chapter 17 – Why Nations Trade

Week 14

Chapter 18 – Agricultural Trade Policy and Preferential Trading Arrangements
Exam #6

Week 15

Commodity Research Due, Review for Final Exam

Week 16

Final Exam

 

*The above schedule, policies, procedures and assignments in this course are subject to change.

 

Last Modified: October 5, 2017