Introduction to Agricultural Economics

This course introduces students to the economic principles and concepts that are essential to understanding the agricultural industry. This course covers topics such as supply and demand in agricultural markets, price mechanisms, farm income management, agricultural policy, and the role of agriculture in the global economy. Through lectures, discussions, and practical assignments, students will explore the economic forces shaping agriculture today and learn to apply economic theory to solve real-world agricultural issues.

Upon successful completion of this course, students will be able to:

• Understand Economic Principles: Students will gain a foundational understanding of microeconomic and macroeconomic concepts as they apply to agriculture, learning how markets function and how prices are determined.
• Analyze Agricultural Markets: Develop skills in analyzing agricultural market trends and dynamics, and understand the impact of external factors such as weather, technology, and policy on agricultural economics.
• Policy Impact Assessment: Learn to evaluate the effects of agricultural policies on farm productivity and sustainability, including subsidies, tariffs, and regulations.
• Decision-Making Skills: Enhance decision-making abilities by applying economic theories and models to make informed decisions in agricultural production and management.

These outcomes are designed to equip students with a thorough understanding of the economic factors influencing agriculture, enabling them to contribute effectively to the agricultural sector and related fields.