AAEC 2580 Applied Microeconomic Principles. Economic principles applied to individual consumer and producer behavior in a market economy: using economic principles to analyze, and solve problems in resource allocation, food production, distribution, environmental management, economic development, and international trade.
AAEC 3400 Introduction to Agricultural Policy. Domestic and international government policies affecting agriculture, agribusinesses, and rural economies. Policy alternatives aimed at solving economic and environmental problems of the food and agricultural sector are identified and evaluated.
AAEC 8210 Agricultural Programs and Policy. Theoretical tools for analyzing both the public policy process and outcomes of that process. Two perspectives are emphasized: 1) welfare economics as a means of conducting normative policy analysis related to issues of efficiency, property rights, and market failure; and, 2) public (or collective) choice theory as a means for conducting positive analysis of the policy process itself. Other readings address the economics of organizational structure, specific policy issues, the methodology of economics, and the challenges inherent in conducting policy-relevant economic analysis.
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