NWCCD 2018-19 Catalog 
    Mar 31, 2023  
NWCCD 2018-19 Catalog [This is an Archived Catalog.]

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AGEC 1010 - Introduction to Ag Economics

This course is for students wishing to enter either production agriculture or agribusiness. It is designed to give the student a working knowledge of both the terminology and concepts in the field of agricultural economics. This course is required for Agricultural Business majors.

Credits: 3

Instructional Method Lecture

General Education Requirement: Social and Behavioral Sciences
Comments: This course meets UW’s Human Culture Requirement.

Minimum Student Competencies
Upon completion of AGEC 1010 Introduction to Ag. Economics the student will:

  1. Characterize the law of supply and demand
  2. Explain opportunity costs
  3. Calculate production possibility curves
  4. Discuss the importance of GDP as a measuring tool
  5. Differentiate between Fiscal and Monetary policy
  6. Explain how tax policy influences production decisions
  7. Evaluate the importance of international trade
  8. Apply marginal analysis concepts to production
  9. Access real-time market information

Program Outcomes
Agricultural Business AS

PO#1 Access agricultural financial information and markets

PO#3 Explain the importance of international trade on agricultural markets

PO#4 Differentiate between marginalism and profitability

PO#5 Analyze governmental policy’s influence on cultural practices

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